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

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