The acquisition, of which the fee was not disclosed, enhances SafeNet’s authentication portfolio by providing an advanced authentication-as-a-service (Auth-as-a-Service) offering to enterprises and service providers.
Cryptocard’s platform will provide an opportunity for mobile and telecom service providers, as well as IT system integrators and service providers, to rapidly introduce Auth-as-a-Service and authentication solutions to their end users.
“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,” said Sebastien Pavie, regional sales director MEA of SafeNet.
“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,” he added.
The acquisition will also expand SafeNet’s addressable market opportunity, solidifying the company’s leadership position in user authentication and positioning the company to capitalise on the fast-growing Auth-as-a-Service and cloud services markets.
The company’s hope their combined product and service offerings will enable customers to more effectively tailor, deploy and manage their authentication strategies to meet business needs.
“As mobile and cloud computing began to transform the security industry, Cryptocard saw a need to develop cloud based solutions and a platform that would help our customers meet the emerging needs of this new security landscape.” said Neil Hollister, CEO at Cryptocard.
“Our unique platform for delivering Authentication-as-a-Service is nimble, easy to deploy and helps our customers secure their most sensitive data against current and future security threats,” he added.