SafeNet has announced the acquisition of two-factor authentication vendor Cryptocard.
The acquisition will expand SafeNet's user authentication division, with Cryptocard's platform used to offer authentication solutions in the portfolio. Combining SafeNet's Trusted Authentication Solutions with Cryptocard's Blackshield Cloud platform, SafeNet's customers will now have access to secure, flexible and cost-effective on-premise and as-a-service solutions. Financial details were not disclosed.
Chris Fedde, president and chief executive officer of SafeNet, said: “As data continues to proliferate and move beyond traditional perimeters, both enterprise and government customers are demanding solutions that protect and control data and identities across networks, mobile devices and to and from the cloud.
“By joining forces and engaging SafeNet's global scale, we are uniquely positioned to help customers around the world accelerate the migration to and from the cloud in the most secure and cost-effective manner.”
Neil Hollister, chairman and chief executive officer of Cryptocard, said: “As mobile and cloud computing began to transform the security industry, Cryptocard saw a need to develop cloud-based authentication solutions and a platform that would help our service provider and enterprise customers meet the emerging needs of this new security landscape.
“Our unique platform for delivering Authentication-as-a-Service is powerful, easy to deploy and helps our customers secure their most sensitive data against current and future security threats.”