0
Broadband

Gemalto to buy SafeNet for USD 890 million

Friday 8 August 2014 | 09:31 CET | News
French digital security multinational company Gemalto has signed a binding agreement to acquire US data protection and software monetisation specialist SafeNet from Vector Capital for USD 890 million in cash. SafeNet has over 1,500 employees in 27 countries and over 25,000 customers in more than 100 countries. SafeNet technology protects 80 percent of the world's intra-bank fund transfers. The company expects USD 370 million of revenue and a USD 51 million profit from operations this year. Once the acquisition is completed, SafeNet will significantly reinforce Gemalto's Identity and Access

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General / Internet
Companies: Gemalto / SafeNet
Countries: United States / World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Sprint taps Gemalto to manage growing LTE deployments

Published 08 Sep 2015 09:54 CET | United States
Gemalto broadened its longstanding relationship with Sprint through a multi-year contract to manage growing LTE deployments ...

Gemalto close to completing SafeNet acquisition - CEO

Published 15 Dec 2014 11:35 CET | United States
French smartcard and security group Gemalto is close to completing its USD 890 million acquisition of US data protection ...

Gemalto maakt Nederlands elektronische rijbewijs

Published 28 Oct 2014 11:00 CET | Netherlands
Gemalto is door het Nederlandse RDW geselecteerd voor de leveren van het nieuwe elektronische rijbewijs. Het gaat om ...

Gemalto grows Q3 revenue to EUR 626 mln

Published 23 Oct 2014 09:58 CET | World
Security and Sim card group Gemalto reported EUR 626 million of revenue in the third quarter, up 6 percent on the third quarter ...

Gemalto unveils hub service for m-payment 

Published 08 Sep 2014 09:01 CET | World
Gemalto introduced its Allynis Trusted Services Hub, a business service that enables financial institutions, enterprises, ...

Gemalto provides M2M connectivity for solar powered stations

Published 02 Sep 2014 09:59 CET | World
French digital security company Gemalto has provided the M2M connectivity for Solarkiosk, a compact, solar powered station ...

Gemalto H1 sales flat, sees better H2

Published 28 Aug 2014 16:27 CET | World
Gemalto reported stable revenues for the fist half of the year at EUR 1.13 billion, as growth in mobile and EMV payment products ...

Gemalto neemt beveiligingsbedrijf SafeNet over

Published 08 Aug 2014 09:08 CET | World
De digitale beveiliger Gemalto maakt bekend dat het het Amerikaanse data- en softwarebeveiligingsbedrijf SafeNet heeft ...

Gemalto supplies LCL with SMS system for PIN codes

Published 09 Jul 2014 09:05 CET | France
Gemalto has supplied a software, platform and service solution to French bank LCL to enable it to securely issue PIN codes for ...

Gemalto verliest patentrechtszaak tegen Google

Published 20 Jun 2014 09:45 CET | Europe
Mobiele-platformaanbieder Gemalto heeft in de VS een rechtszaak tegen Google verloren. Volgens Gemalto maakte het Android-OS van ...

Gemalto loses Android patent suit

Published 20 Jun 2014 09:12 CET | United States
The US Federal Circuit Court of Appeals has rejected French smartcard maker and security specialist Gemalto's claim that the ...

SafeNet appoints Panjwani as president and CEO

Published 12 Jun 2014 17:56 CET | World
Data protection company, SafeNet has appointed Prakash Panjwani, an information security and software executive, as the company's ...

SafeNet introduces new high-speed encryption products

Published 11 Jun 2014 15:09 CET | World
Global data protection services provider, SafeNet has announced a new range of high-speed encryption (HSE) products that enable ...

Gemalto LinqUs Mobile ID available for commercial launch

Published 11 Jun 2014 09:02 CET | World
Gemalto announced that its LinqUs Mobile ID platform, compliant with the guidelines set by the GSMA Mobile Connect initiative, is ...

China Telecom taps Gemalto for NFC services launch

Published 10 Jun 2014 08:31 CET | China
China Telecom has selected Gemalto as a supplier for its UpTeq Multi-Tenant NFC SIM to support the commercial rollout of mobile ...

MedMinder users Gemalto M2M module in next-gen pill boxes

Published 20 May 2014 10:34 CET | United States
US medication management system company MedMinder is using Cinterion M2M technology from Gemalto for mobile connectivity of its ...





Calendar   /   Industry Events

19 Oct Arm DevSummit
21 Oct Intel Q3
21 Oct Snap Q3
21 Oct Telenor Q3 2021
21 Oct Orange Belgium Q3 2021
21 Oct AT&T Q3 2021
21 Oct Telia Q3 results
21 Oct Digi Q3 2021
21 Oct Grameenphone Q3 2021
22 Oct Doro Q3 results
25 Oct Facebook Q3
25 Oct Dtac Q3 2021
25 Oct Calix Q3 2021
26 Oct Siminn Q3 2021
26 Oct F5 Networks fiscal Q4
26 Oct MediaTek Q3
26 Oct Microsoft fiscal Q1
26 Oct SK hynix Q3
26 Oct Orange group Q3 2021
26 Oct Twitter Q3 2021
26 Oct TIM Brasil Q3 2021
26 Oct Alphabet Q3 2021
26 Oct Digital Realty Q3
26 Oct Juniper Networks Q3 2021
26 Oct Corning Q3
26 Oct NENT Q3 2021
26 Oct Samsung Developer Conference
26 Oct Cabsat
26 Oct MWC Los Angeles
26 Oct FCC meeting
::: More Calendar Items