LONDON (SHARECAST) - Encryption software specialist nCipher has run into problems with its recent acquisition Abridean, which is performing well below its expectations.

"It is now clear that Abridean's business has developed considerably more slowly than anticipated. The board believes that this pattern is likely to continue in 2007 and therefore now considers it likely that the achievement of breakeven by Abridean will take significantly longer than
previously expected." ...

See the full story at Sharecast