Gemalto acquires Trusted Logic

Founded back in 1999, Trusted Logic employs approximately 100 people from its offices in in France, Ireland, Singapore and South Africa. Terms of the purchase of the privately-held company, in which Gemalto already holds a 32% stake, have not been revealed.

Under the terms of the transaction with Gemalto, 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.

"With this combination, we expand Gemalto's offering to deploy security-demanding services into the device", said Olivier Piou, CEO at Gemalto CEO.

"This transaction goes along our strategy of extending Gemalto's business with bolt-on acquisitions that create value in domains adjacent to our business."

Gemalto provides secure personal devices such as smart cards and tokens in addition to software applications and managed services. The company was formed in June 2006 by the combination of two French companies Axalto and Gemplus.

In 2008, the company produced more than 1.4 billion personal security computing devices. Its customers include 400 mobile network operators, 300 financial institutions and more than 30 countries for identity programmes such as electronic passports, driving licences and national identity cards.

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