Gemalto to acquire SafeNet, the worldwide leader in data and software protection
gemalto.com
This acquisition makes Gemalto the reference in cloud data, software and transaction security adding core network data protection technologies to its authentication offerings that protect the edge of the network
The purchase price of US$890 million will be financed by available cash and existing credit facilities
Closing is expected to occur in Q4 2014
Gemalto 2017 profit from operation objective of €600 million is expected to be surpassed by around +10%
SafeNet is one of the largest dedicated digital information security companies in the world, trusted to protect, control the access to, and manage the world’s most sensitive data and high value software applications. As an example, SafeNet technology protects over 80% of the world’s intra-bank fund transfers and its 1,500+ employees, including 550 cryptographic engineers, serve more than 25,000 customers, both corporations and government agencies, in over 100 countries. Customers utilizing SafeNet solutions include Banamex, Bank of America, Cisco, Dell, Hewlett-Packard, Kaiser Permanente, Netflix, Starbucks and many more of the world’s best known companies. In 2013, SafeNet recorded revenues of US$337 million and profit from operations of US$35 million and expects revenues of US$370 million and profit from operations of US$51 million for 2014. |
