Amsterdam-based Gemalto says it has completed its acquisition of Trusted Logic, an independent player in the digital security market. Gemalto, which previously held 32 percent of Trusted Logic's shares, says it expects the acquisition to accelerate the international development of Trusted Logic's technologies.
Terms of the deal were not disclosed. Trusted Logic, founded in 1999, has operations in France, Ireland, Singapore and South Africa and employs approximately 100 people. The company pulled in revenue of €9.8 million (U.S. $14.2 million) in 2008.
Oliver Piou, Gemalto's chief executive, says the combination of Gemalto's offering with Trusted Logic's security platform will help Gemalto expand its security offerings:
This transaction goes along with our strategy of extending Gemalto's business with bolt-on acquisitions that create value in domains adjacent to our business.
Nigeria's InterSwitch signs with Gemalto for authentication solution for e-payment services
Gemalto also announced that Nigeria-based InterSwitch is deploying Gemalto's complete Ezio authentication solution to secure InterSwitch's e-payment services in Nigeria.
InterSwitch provides secure electronic-payment solutions in Nigeria and comprises 25 member banks. Gemalto supplied its Ezio Strong Authentication Server and acted as a server-integration partner. The company also delivers EMV card readers and unconnected tokens, all customized with InterSwitch's visual corporate identity.
Ezio enables InterSwitch member banks to enhance security for e-commerce by replacing static passwords with strong authentication. Users can pay bills and taxes or buy airline tickets in a more secure manner by authenticating themselves with a one-time password. Users also can access online-banking services, such as fund transfer, Gemalto says.
