US encryption organisation SafeNet has successfully acquired UK authentication agency Cryptocard.
SafeNet has increased its business offerings by buying Cryptocard for an undisclosed amount. The US outfit has shown particular interest in Cryptocard's cloud-based Blackshield facility, and is hoping to integrate this into their own authentication-as-a-service product lineup.
President and chief executive officer of SafeNet, Chris Fedde, explained: “As data continues to proliferate and move beyond traditional perimeters, both enterprise and government customers are demanding solutions that protect and control data and identities across networks, mobile devices and to and from the cloud.
“By joining forces and engaging SafeNet's global scale, we are uniquely positioned to help customers around the world accelerate the migration to and from the cloud in the most secure and cost-effective manner.”
Neil Hollister, chairman and chief executive officer of Cryptocard, said: “As mobile and cloud computing began to transform the security industry, Cryptocard saw a need to develop cloud-based authentication solutions and a platform that would help our service provider and enterprise customers meet the emerging needs of this new security landscape.
“Our unique platform for delivering Authentication-as-a-Service is powerful, easy to deploy and helps our customers secure their most sensitive data against current and future security threats.”
Source: SC Magazine