(Web Design in Cambodia, Digital Marketing Agency, restartbox.com)- Digital security firm, Smart chip maker Gemalto NV has officially signed a definitive agreement to buy America-based data protection specialist SafeNet for £529 million, a move expanding its customer base to major U.S. clients and strengthening its offering in data protection.
In accord with the agreement, SafeNet will provide protection solutions including encryption technologies and authentication systems as high-profile data breaches are growing in number.
“At first glance, it looks a sensible deal,” said brokerage Mirabaud Securities welcoming the Gemalto-SafeNet deal.
“We hope this acquisition can reignite interest in the company and its leadership position in digital security.”
Smart Chip Maker Gemalto to Splash out £529 Million on SafeNet Data Protection
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