Utimaco, a global provider of IT security solutions, has announced an agreement to acquire Geobridge Corporation, the company said.
This acquisition will expand Utimaco´s key management portfolio for the financial industry. Upon the closing of the acquisition, Geobridge´s employees and customers will be integrated into Utimaco´s Information Security business and solutions to offer enhanced solutions and services to Utimaco and Geobridge customers.
The combination of Geobridge with Utimaco´s businesses will enable key injection at the point of sale and key management as a service. Geobridge´s KeyBRIDGE platform compliments Utimaco´s Atalla product line of hardware security modules (HSM), to build a comprehensive offering for the injection and management of cryptographic keys in a corporate context.
Founded in 1997, Geobridge has established itself as one of the first system integrators for encryption methods, and key management providers for payment solutions. Geobridge has developed a deep understanding of the challenges in the marketplace, and developed various proprietary solutions to address these challenges. Geobridge participated in the development of international standards such as ASC X9, PCI and EMVco.
The closing of Utimaco´s acquisition of Geobridge is expected in the first quarter of 2020, subject to the satisfaction of customary closing conditions, including receipt of government approval and necessary third-party consent.
Utimaco is an international provider of IT security solutions with headquarters in Aachen (Germany) and Campbell, CA (USA). Utimaco develops hardware security modules and compliance solutions for telecommunication providers in the field of regulation. Utimaco is one of the world´s manufacturers in both of these market segments. Find out more on www.utimaco.com.
Geobridge (www.Geobridge.net) is a woman-owned company, providing systems integration of compliance services, key management program development, payments industry consulting, and cryptographic solution architecture and implementation. Since 1997, Geobridge has helped clients worldwide to mitigate risk while allowing our clients to focus on the growth and profitability of their company.