Baltimore Technologies shed its core IT business in 2003 leaving a cash shell - a company that does not quite meet the definition of a shell company (i.e. a company that exists but does not actually do any business or have any assets), but whose main value nonetheless lies in its listing on the Stock Exchange rather than its assets or its business.
The Baltimore cash shell was taken over in 2004 by Acquisitor Holdings, a Bermuda-based investment vehicle, free to use the name for any type of business it wished to undertake.
http://baltimore.edo.ie/chair-letter.htm
Baltimore Technologies PLC changed its name to
Baltimore PLC on 15/04/2005 and again on 25/07/2006 to
Baltimore Capital PLC.