Menu
Security vendor Gemalto to acquire SafeNet for $890M

Security vendor Gemalto to acquire SafeNet for $890M

The deal would combine security tools from the core to the edge of enterprise systems

Gemalto plans to acquire SafeNet for US$890 million in a deal that would combine a big vendor of portable secure elements such as payment cards with a provider of enterprise data protection technology.

Based in Amsterdam, Gemalto develops objects such as employee ID cards, electronic passports and SIM (subscriber identity management) cards and the software to manage them. Gemalto expects SafeNet's information security systems, which work at the core of enterprises' networks, to complement its own products. The deal is expected to close in the fourth quarter, pending regulatory approval.

SafeNet is based in Belcamp, Maryland, and specializes in cryptographic data protection products including key management systems, authentication servers and authentication as a service. It has about 550 cryptographic engineers in a workforce of about 1,500, according to Gemalto. SafeNet says its technology protects more than 80 percent of all intra-bank fund transfers, and it counts Cisco Systems, Hewlett-Packard and Netflix among its customers.

Gemalto's secure elements and accompanying services and software help to secure about 450 telecommunications carriers, more than 3,000 financial companies and more than 80 e-government programs, according to the company's website. It said the deal will strengthen its identity and access management business. Gemalto had revenue of nearly €2.4 billion last year.

Gemalto will buy SafeNet from Vector Capital, a San Francisco private equity firm that acquired SafeNet in 2007 for about $634 million.

Stephen Lawson covers mobile, storage and networking technologies for The IDG News Service. Follow Stephen on Twitter at @sdlawsonmedia. Stephen's e-mail address is stephen_lawson@idg.com


Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuesSafeNetGemaltosecurityMergers and acquisitions

Featured

Slideshows

Kiwi channel comes together for another round of After Hours

Kiwi channel comes together for another round of After Hours

The channel came together for another round of After Hours, with a bumper crowd of distributors, vendors and partners descending on The Jefferson in Auckland. Photos by Maria Stefina.​

Kiwi channel comes together for another round of After Hours
Consegna comes to town with AWS cloud offerings launch in Auckland

Consegna comes to town with AWS cloud offerings launch in Auckland

Emerging start-up Consegna has officially launched its cloud offerings in the New Zealand market, through a kick-off event held at Seafarers Building in Auckland.​ Founded in June 2016, the Auckland-based business is backed by AWS and supported by a global team of cloud specialists, leveraging global managed services partnerships with Rackspace locally.

Consegna comes to town with AWS cloud offerings launch in Auckland
Veritas honours top performing trans-Tasman partners

Veritas honours top performing trans-Tasman partners

Veritas honoured its top performing partners across the channel in Australia and New Zealand, recognising innovation and excellence on both sides of the Tasman. Revealed under the Vivid lights in Sydney, Intalock claimed the coveted Partner of the Year 2017 (Pacific) award, with Data#3 acknowledged for 12 months of strong growth across the market. Meanwhile, Datacom took home the New Zealand honours, with Global Storage and Insentra winning service provider and consulting awards respectively. Dicker Data was recognised as the standout distributor of the year, while Hitachi Data Systems claimed the alliance partner award. Photos by Bob Seary.

Veritas honours top performing trans-Tasman partners
Show Comments