Volvo Data developed Memo in the beginning of 1980’s. It was during that time most likely the best e-mail system in the world. External companies wanted to buy Memo and Verimation was started as a sales company for Memo products. The mail system was a success and big companies all over the world started to use it.
Verimation had many good years during the 80’s and 90’s. Telex, fax and Minicall were integrated in the system.
Volvo wanted to focus on producing cars which might have been one reason to why Verimation was sold to Netsys. Christen Ager-Hanssen, the owner of Netsys, had spectacular plans for Netsys. The company should grow quickly and become bigger than Microsoft. It ended unfortunately instead in bankruptcy. The sixth AP-fond lost hundreds of millions which they had invested in Netsys during the dot.com crash. Christen Ager-Hanssen is also known from the Fly Me bankruptcy.
Nexus bought the prosperous parts from the bankruptcy estate, namely the department which worked with Memo and also VCOM. Nexus had another focus on PKI (public key infrastructure) solutions. Verimation had offices and big customers all over the world. Nexus probably wanted to use the big customer base for their PKI products. The plan was to integrate PKI security into Memo and in such a way start to sell their products worldwide. It was no success.
Nexus later on wanted to focus on their PKI products and sold the Memo/VCOM department to Jan Wallgren who during that period was head of that department. It was of course naturally to use Verimation for this company. Nexus had also security products based on the Sigilled algorithm which they had bought from SÄKdata. Nexus focus, as said before, focused on PKI solutions. Sigillet was not a PKI product and therefore it was included in the business deal.