Baltimore sale points to further jobs cuts

FURTHER redundancies are likely at security software firm Baltimore Technologies following the sale of its last significant business unit yesterday.

Baltimore announced that its core security business public key infrastructure, or PKI has been sold to British firm BeTrusted for £5 million (7.1m) in cash and ends the assets disposal programme which began under chief executive Bijan Khezri two years ago.

Baltimore said many employees in the PKI business are based in Ireland and some would be taken on by BeTrusted, but the majority of the remaining staff will be made redundant.