SafeNet announces acquisition of Cryptocard

SafeNet has announced the purchase of 2-factor authentication vendor Cryptocard.

The acquisition will expand SafeNet's user authentication division with Cryptocard's platform used to give authentication solutions to the portfolio. Combining SafeNet's Trusted Authentication Solutions with Cryptocard's Blackshield Cloud platform, SafeNet's customers worldwide will now have access to secure, flexible and value-effective on-premise and as-a-service solutions. Financial details weren't 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 tasty SafeNet's global scale, we're uniquely positioned to assist customers world wide accelerate the migration to and from the cloud within the safest and value effective manner.”

Neil Hollister, chairman and chief executive officer of Cryptocard, said: “As mobile and cloud computing started to transform the safety industry, Cryptocard saw a necessity to develop cloud based authentication solutions and a platform that may help our business enterprise and enterprise customers meet the emerging needs of this new security landscape.

“Our unique platform for delivering Authentication-as-a Service is robust, easy to deploy and helps our customers secure their most sensitive data against current and future security threats.”