Gemalto has completed the acquisition of Trusted Logic, an independent player in the digital security market providing secure software for personal portable devices. Gemalto, which already held 32% of the shares, aims at accelerating the international development of Trusted Logic technologies.
Reportedly, Trusted Logic is organized in three businesses: Professional & Consumer Devices, Smart Cards & Secure Tokens and Trusted Labs. Trusted Logic and Trusted Labs are expected to continue to operate as separate entities with their own teams, products and services and under their own brand names.
Oliver Piou, CEO of Gemalto, said: “With this combination, we expand Gemalto’s offering to deploy security-demanding services into the device. This transaction goes along our strategy of extending Gemalto’s business with bolt-on acquisitions that create value in domains adjacent to our business.”
Dominique Bolignano, founder and CEO of Trusted Logic, said: “We have a long-standing relationship with Gemalto and this deal is the best outcome for the customers of Trusted Logic and for our employees. We really look forward to leveraging on Gemalto’s commercial presence around the globe to accelerate the growth of the business.”
