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Utimaco to Acquires Geobridge to Expand Key Management Portfolio in Financial Industry
Wednesday 26 February 2020

26 February 2020 - Germany based IT security solutions company Utimaco has agreed to acquire US-based Geobridge Corp., a provider of systems integration of compliance services, to enable integrated solutions for key injection at the POS and flexible management of cryptographic keys, especially for the financial industry, the company said.

Terms were not disclosed. The closing of Utimaco's acquisition of Geobridge is expected in 1Q20, subject to the satisfaction of customary closing conditions, including receipt of government approval and necessary third-party consent.

Upon the closing of the acquisition, GEOBRIDGE's employees and customers will be integrated into Utimaco's Information Security business and solutions.

Geobridge's KeyBRIDGE platform compliments Utimaco's Atalla product line of hardware security modules, to build a comprehensive offering for the injection and management of cryptographic keys in a corporate context.

Utimaco develops hardware security modules and compliance solutions for telecommunication providers in the field of regulation.

Geobridge Corp. is a woman-owned [technology] company, providing systems integration of compliance services, key management programme development, payments industry consulting, and cryptographic solution architecture and implementation.
Details
Date Published: 26/02/2020
Target: Geobridge Corp
Country: USA
Sector: Business and Consumer Services
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Utimaco
Comment:
Terms of the deal were not disclosed

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