Gemalto acquires Trusted Logic
Gemalto announced that it has completed the acquisition of Trusted Logic from its founders and other shareholders. Gemalto, which already held 32% of the shares, aims with this transaction to accelerate the international development of Trusted Logic technologies. The terms of the transaction were not disclosed.
Trusted Logic is an independent player in the digital security market, providing secure software for personal portable devices. With operations in France, Ireland, Singapore and South Africa, Trusted Logic employs approximately 100 people and revenue of Ã¢â€šÂ¬9.8 million in 2008.
Trusted Logic is organized in 3 businesses:
- The PCD (Professional & Consumer Devices) division provides the leading Trusted Foundations, an execution environment selected by ARM and Texas Instruments for security-demanding applications. Trusted Foundations also extends the SIM card’s capabilities by providing enhanced secure interaction with the handset and the user
- The SST (Smart Cards & Secure Tokens) division markets the jTOP software suite for smart cards, USB keys and e-tokens
- Trusted Labs, a wholly owned subsidiary of Trusted Logic, offers security consulting and evaluation services and helps customers with the design and deployment of their next secure digital services.
Trusted Logic and Trusted Labs will continue to operate as separate entities with their own teams, products and services and under their own brand names.
Gemalto is a big player in the digital security market, with 2008 annual revenues of Ã¢â€šÂ¬1.68 billion, and 10,000 employees operating out of 75 offices, research and service centers in 40 countries.