By Dipo Olowookere
The management of Utimaco has confirmed getting the United States regulatory clearance to complete the acquisition of Atalla, a division of Micro Focus.
According to a statement issued by the company this week, the transaction is scheduled to close November 5, 2018.
Originally announced in May 2018, the acquisition will integrate Atalla’s payment Hardware Security Module (HSM) and Enterprise Secure Key Manager (ESKM) business into Utimaco’s portfolio of HSM-related products.
As one of the worldwide market leaders in the general purpose HSM business, Utimaco is fully committed to investing into HSM-enabled innovation in payments.
Utimaco is the second largest global provider of Hardware Security Modules (HSMs) and the firm plans to acquire Atalla’s Hardware Security Module (HSM) and Enterprise Secure Key Manager (ESKM) business lines of Micro Focus.
Commenting on the development, CEO of Utimaco, Malte Pollmann, stated that, “This is a significant milestone, and we look forward to bringing the Atalla team under the information security umbrella of Utimaco. After several changes of ownership, we are happy to offer Atalla a long-term home in our HSM and information security business.”
more recommended stories
CoinCola Enters Nigerian P2P Bitcoin Market
Blockchain Technology is rapidly growing in.
Freshworks Acquires Natero to Offer Better Services
Global innovator in customer engagement software,.
MainOne Earmarks N25bn for Broadband Services in Lagos
Leading data centre solutions provider, MainOne,.
NCC Targets 120,000 Kilometres of Fibre by 2023
By Dipo Olowookere Executive Vice Chairman.
Huawei Allays Fears of Users After Google Restricts Use of Android
By Modupe Gbadeyanka Users of Huawei.
NCC Gathers Experts for Telecom Leadership Summit in Lagos
By Modupe Gbadeyanka The Nigerian Communications.
Experts Identify SIM Swap Fraud as Threat to Financial, Online Services in Africa
During Kaspersky Lab’s annual Cyber Security.
TECNO Upgrades SPARK 3 Pro to Android Q Beta
By Modupe Gbadeyanka Chinese phone maker,.