Customers of troubled security specialist Baltimore Technologies are being told not to panic by industry analysts despite the current uncertainty surrounding the group.
The company is still in discussions with potential buyers of its Content Technologies business and is confident of a sale that could save the company from extinction following this week's pull-out by the Apax Partners group.
Speaking exclusively to vnunet.com, a company spokeswoman confirmed that "discussions are ongoing with two parties" for Content Technologies, which includes the MIMEsweeper email content filter product.
"Baltimore is now focusing on its core business of authentication technologies and remains dedicated to the technology, despite criticisms of it," she said.
Financial analysts reckon that Baltimore must turn cash-positive in the next five months, but the company has said it will not achieve this until the second half of the year.
Content Technologies, which cost Baltimore more than £500m at the height of the tech stock boom, may now only fetch £20m.
José López, a security analyst with industry watcher Frost & Sullivan, said: "Baltimore customers should not panic [and start] looking for alternatives and such.
"There is too much speculation surrounding Baltimore but their technology is really very good so I would recommend that customers take a 'wait and see' approach."
López said that any potential take over will come from a large company that would protect customer interests.
Last year both Computer Associates and Microsoft were linked with possible bids for Baltimore, but neither transpired or look likely to in the future.
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