Aachen, Germany and Campbell (CA), USA, April 2, 2020 – Utimaco, a leading global provider of IT security solutions, successfully completed the acquisition of GEOBRIDGE. Following the announcement of the acquisition at this year’s RSA conference, the acquisition was approved by the authorities as part of the CFIUS process on March 9 and is legally effective as of March 31. With the completed acquisition, all GEOBRIDGE employees and customers will be integrated into Utimaco’s Information Security division with immediate effect.
GEOBRIDGE’s solutions expand Utimaco’s key management portfolio for the financial industry. Through the combined skillsets and solutions of the two companies, Utimaco and GEOBRIDGE customers will benefit from an improved, high-quality service and an extended range of integrated products. The addition of GEOBRIDGE’s KeyBRIDGE product brand and platform seamlessly complements Utimaco’s hardware security module Atalla, allowing for the injection and management of cryptographic keys in a corporate context.
“Today is an important milestone for Utimaco, as the acquisition enables the company to transition from being a product to solution provider,” says Stefan Auerbach, CEO of Utimaco. “With our combination of powerful technology and highly qualified employees, we can effectively support businesses as they optimize the management of their cryptographic keys, ensuring the security and integrity of their data and transactions. Especially at this time, when many people working remotely access corporate systems from outside and many digital services are used, the security of data and the protection of access rights is particularly important”.