Gemalto acquires Todos AB

2010-04-08

Gemalto acquires Todos AB

Combination of Gemalto’s existing e-banking business and Todos AB creates world leader in internet banking security.

Amsterdam, Netherlands / Göteborg, Sweden – April 8, 2010 –  Gemalto (Euronext NL0000400653 – GTO), the world leader in digital security, today announced that it has completed the acquisition of Todos AB from investors led by 6AP, a fund belonging to the Swedish National Pension system. Terms of the transaction were not disclosed.

Headquartered in Gothenburg, Sweden, and employing 80 people worldwide, Todos AB is a leading provider of strong authentication solutions for internet banking. Todos has to date delivered in excess of 20 million products to over 100 financial institutions in more than 30 countries. Todos core offer is the eCode Suite, including the Todos Versatile Authentication Server (VAS), which enables strong authentication and transaction verification.

The Versatile Authentication Server supports all leading industry standards and is augmented by patented technology such as Dynamic Signatures. Using their EMV card and a Todos eCode reader, consumers can use their PIN code to securely sign internet banking transactions. An additional layer of security can be provided by displaying transaction details on the reader, so that users “sign what they see”, thwarting in particular “man in the browser” attacks. Over the coming months Todos will be integrated with Gemalto’s Identification and Access Management business line.

Commenting on the transaction, Oliver Piou, Gemalto Chief Executive Officer noted: “Todos is a perfect fit with our e-banking business, bringing a complementary customer base and extending the solution offering. The combined business creates a new leader to address the fast growing internet banking market worldwide”.

Ove Wedsjö, CEO of Todos added: “We are really thrilled to become part of the Gemalto family. Our combined products, customers and technologies establish us as the global leader in internet banking. Going forward, I am confident that we will be able to further accelerate our growth, thanks to our extended customer reach, ensuring a safer online environment for e-bankers everywhere”.

Mats Augurell, SVP and Head of AP Partner Investments commented: “We are very pleased with this outcome. We invested in Todos in 2001, having recognized the strong market potential and the Company’s technology edge.  In making our exit decision, we selected Gemalto as the preferred bidder, since this combination clearly represented the best match for customers, employees and shareholders”.

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Contacts:
CEO Todos AB
Ove Wedsjö
+46 702 428787
ove.wedsjo@todos.se

About Gemalto

Gemalto (Euronext NL 0000400653 GTO) is the world leader in digital security with 2009 annual revenues of €1.65 billion, and over 10,000 employees operating out of 75 offices, research and service centers in 41 countries.

Gemalto is at the heart of our evolving digital society. The freedom to communicate, travel, shop, bank, entertain, and work—anytime, anywhere—has become an integral part of what people want and expect, in ways that are convenient, enjoyable and secure.

Gemalto delivers on the growing demands of billions of people worldwide for mobile connectivity, identity and data protection, credit card safety, health and transportation services, e-government and national security. We do this by supplying to governments, wireless operators, banks and enterprises a wide range of secure personal devices, such as subscriber identification modules (SIM), Universal Integrated Circuit Card (UICC) in mobile phones, smart banking cards, smart card access badges, electronic passports, and USB tokens for online identity protection. To complete the solution we also provide software, systems and services to help our customers achieve their goals.

As the use of Gemalto’s software and secure devices increases with the number of people interacting in the digital and wireless world, the company is poised to thrive over the coming years.

For more information please visit http://www.gemalto.com

Contacts:
Investor Relations
Vincent Biraud
M.: +33(0) 6 08 48 33 23
vincent.biraud@gemalto.com

Corporate Communication

Isabelle Marand
M.: +33(0) 6 14 89 18 17
isabelle.marand@gemalto.com

Influences

Catherine Durand-Meddahi
T. : +33 (0) 6 08 14 49 70
c.meddahi@agence.influences.fr

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~ by petergullberg on April 8, 2010.

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