Amsterdam-based digital security firm Gemalto has announced the final closing of the acquisition of American data and software protection company SafeNet, after approval by the relevant regulatory and antitrust authorities.SafeNet will be integrated with Gemalto Payment & Identity segment and its contribution mainly consists of Platforms & Services activities."The acquisition of SafeNet enables us to further accelerate the deployment of strong security solutions in the Enterprise and Cloud security sectors. It makes our joint portfolio of technologies and sales reach unrivaled in the digital security market," said Olivier Piou, CEO, Gemalto. "I warmly welcome the new teams joining Gemalto and we look forward to working closely together."Gemalto had agreed in August to buy SafeNet from PE firm Vector Capital for $890 million. The acquisition will strengthen Gemalto's offering in data protection at a time when cybersecurity is an increasingly high-profile issue for major US firms.
Gemalto finalises SafeNet acquisition
