Scytl Secure Electronic Voting acquires 100% stake in SOE Software
Jan 12, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Scytl Secure Electronic Voting, S.A., a Spain-based provider of cryptographic security solutions for electronic voting systems, has acquired 100% stake in SOE Software Corporation, a US-based provider of e-Government software solutions.
Deal Type Acquisition Sub-Category 100% Acquisition Deal Status Completed: 2012-01-11 Deal Participants Target (Company) SOE Software Corporation Acquirer (Company) Scytl Secure Electronic Voting, S.A.
Deal Rationale The acquisition will allow Scytl Secure to expand product portfolio beyond electronic voting.
It will also allow Scytl Secure to provide a full range of solutions covering from Internet voting to election night reporting and online pollworker training, and a strong market presence worldwide.
Further, the integration will allow SOE Software to offer significant levels of service and functionality to both its existing US customer base as well as new domestic and international customers by being able to expand its existing product functionality on a global scale.