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
5G Spectrum: Mobile Industry Could Generate $565b—Study
Unlocking spectrum for the mobile industry.
Facebook Backs Developer Circles Summit in Lagos
In continuation of its efforts to.
MasterCard, DPO Group to Further Boost Pan-African Merchant Payments
By Modupe Gbadeyanka Leading global payments.
Data Centre Dynamics Awards Honours Funke Opeke
By Modupe Gbadeyanka Chief Executive Officer.