Digital Banking
Investor Nils Smith to acquire Cryptera
May 28, 2020
Investor Nils Smith and the management team of Denmark-based Cryptera, have entered into an agreement with Diebold Nixdorf to acquire Cryptera, according to a company press release. A leader and provider in payment and technology solutions as well as embedded IoT (Internet of Things) security solutions, Cryptera was established in 1985 and employs 60 people.
The company engineers and manufactures solutions for self-service payment environments and its latest endeavor targets contactless payments and is part of the payment solution at Copenhagen's Metro Cityring. Cryptera also provides certified and secure PIN keyboards internationally to the ATM, financial kiosk and casino industry.
Cryptera has undergone a strategic transformation towards chip embedded security solutions to offer the industrial IoT market. The company is certified as a "Secure Facility Center" by Visa and Mastercard.
"Over the years, Cryptera has built a strong platform and recognition in the market for quality, delivery performance, innovation and high security for the international payment industry," said investor and Cryptera chairman Nils Smith. "This foundation is the cornerstone of a continued close partnership with key customers and further development of SaaS solutions for industrial IoT solutions. I am very much looking forward to supporting the next steps on our joint growth journey”, said investor and Cryptera chairman Nils Smith.
Cryptera CEO Brian Schleisner said in the release that Cryptera takes responsibility for the right level of security as solutions for IoT grow.
"This is where we can offer the market unique and well-documented competencies within encryption key loading, issuing of certificates and establishing 'Root of Trust' at the chip level. We have, with an investor on board, created a strong foundation that gives us the opportunity to prioritize and secure our existing key customers while also focusing even more on developing digital security solutions for the industrial IoT market," said Schleisner.
Included In This Story
Diebold Nixdorf
As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.
