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General

Gemalto close to completing SafeNet acquisition - CEO

Monday 15 December 2014 | 11:35 CET | News
French smartcard and security group Gemalto is close to completing its USD 890 million acquisition of US data protection specialist SafeNet, with the only authorisation pending being that of the Committee on Foreign Investment in the US, Gemalto CEO Olivier Piou told La Tribune. The "very complementary" acquisition will allow Gemalto to offer end-to-end security combining its traditional business of security in bank cards, mobile phones and passports, and SafeNet's security in the cloud and core networks. SafeNet mainly sells to enterprise clients, a market representing only 3 percent of

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Categories: General
Companies: Gemalto / SafeNet
Countries: France / United States
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