Japanese consortium takes VirnetX stake in latest PIPCO diversification play 02 Jun 17
VirnetX Holding Corp has announced a $20 million investment from a Japanese private equity consortium that will see the PIPCO try to find an Asian market for the suite of secure communications technologies it calls Gabriel. Tokyo-based Public Intelligence Technology Associates (PITA), backed by an unknown group of Japanese corporates and banks, will own about 10% of the US-based company, which is still embroiled in a long-running litigation struggle with Apple.
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