Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Access Control
LeftNav
Alarms
LeftNav
Biometrics
LeftNav
Detection
LeftNav
Deutsche Zone (German Zone)
LeftNav
Education, Training and Professional Services
LeftNav
Government Programmes
LeftNav
Guarding, Equipment and Enforcement
LeftNav
Industrial Computing Security
LeftNav
IT Security
LeftNav
Physical Security
LeftNav
Surveillance
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
 
News

Gemalto takes on Banking activity from Xiring

Gemalto : 18 December, 2009  (Company News)
Acquisition brings e-banking strong authentication products from Xiring into Gemalto's sphere of activity
Gemalto and Xiring, a security solutions provider for remote transactions have completed their exclusive negotiations and signed a binding contract related to the acquisition by Gemalto of the Xiring banking activity for 20 million euros.

Xiring is a pioneer of EMV based strong authentication solutions for e-banking and e-commerce, and has developed in ten years an efficient technology and a competitive range of solutions, with more than 12 millions already deployed in Europe.

The transaction concerns all of the current activities of the banking business unit of Xiring dedicated to EMV based strong authentication solutions for e-banking and e-commerce. The contract includes the transfer of the technical and commercial team and all the associated products, IP and technologies, on December 31, 2009.

The transaction has no impact on Xiring non-banking activities or on other activities of Gemalto.

Olivier PIOU, CEO, Gemalto, comments "Xiring has successfully developed its banking activity to secure online banking and e-commerce. In line with its 2010-2013 strategic plan, Gemalto strengthens here its positioning as a global leader in internet banking and access security solutions."

Georges Liberman, Chairman and CEO, Xiring, adds "We have started this activity ten years ago with a technological innovation, and the objective to securing internet banking operations. This transaction with Gemalto acknowledges the success of our strategy and our performance. It also confirms our ability to innovate and develop Xiring on new markets. The global footprint of Gemalto, and its performance, will relay the success of this technology on a worldwide basis. Xiring will now focus its efforts to internationalise its healthcare activity and to develop the electronic identity activity, which is positioned on a high-potential market. We will communicate our development plan on January 13, after the 2009 turnover and the 2010 guidance release."
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 ProSecurityZone.com
Netgains Logo