Thales acquires Gemalto to create digital security giant

Thales will acquire Gemalto and merge the two companies to form a global business unit among the top three players in the digital security market with €3.5 billion in revenues, the companies announced. The offer price of €51 per share or roughly €4.77 billion ($5.64 billion) from Thales represents a 57 percent premium over Gemalto’s December 8 closing price, and the all-cash offer was approved unanimously by both boards of directors. “The acquisition of Gemalto marks a key milestone in

Gemalto turns down Atos proposal

Gemalto has rejected Atos’ unsolicited and conditional proposal to acquire Gemalto for 4.3 billion euros ($5.06 billion), or 46 euros a share. In a statement issued Wednesday evening, Gemalto said that it is best positioned to grow successfully on a standalone basis and create long term value for its stakeholders, including its shareholders. The company also said that the Atos proposal does not form the basis for constructive engagement as it: fails to provide a compelling strategy versus Gemalto’s standalone

Gemalto considering Atos 4.3 billion euros bid

French IT service group Atos has made an unsolicited offer to acquire Gemalto for 4.3 billion euros ($5.06 billion), or 46 euros a share, dividend included. Atos claims to have secured the backing of the France’s state-owned investment bank Bpifrance, which holds an 8.3 per cent stake in Gemalto, for the deal. Gemalto’s board said on Tuesday that the company has until Friday to review the unsolicited all-cash bid. “The company subsequently informed Atos that it would carefully review the

Nok Nok Labs announces FIDO implementation for key attestation by major mobile network operator

Nok Nok Labs has announced an implementation of a FIDO UAF 1.1 product on Android 8.0 devices by NTT DOCOMO, the first of its kind by a major mobile network operator, according to the announcement. The implementation leverages Nok Nok Authentication Server to provide hardware-based key attestation, which can mitigate many scalable attacks on authentication protocols. “Key attestation can be vital to solving a core problem with internet security – specifically, how to tell a real device from a virtual

NoPassword partners with ForgeRock

NoPassword today announced the partnership and integration capabilities between NoPassword and ForgeRock. The integration allows ForgeRock customers to integrate NoPassword Human and Hidden Multi-Factor Authentication (H²MFA™) and secure their users’ access. According to the company, H²MFA leverages face, voice, fingerprint, iris and behavioral biometrics and frictionless MFA to enable enterprises to secure their infrastructure against cyberattacks. “ForgeRock is known for providing the best digital identity management solution for their customers and NoPassword H²MFA will only help ForgeRock enhance their users’

ForgeRock launches technology partner program

Digital identity firm ForgeRock has extended its ForgeRock Trust Network with the launch of a partner program to unify its community of technology partners to enable seamless integration of complimentary technologies and maximize the value of ForgeRock identity solutions. The ForgeRock Trust Network establishes a marketplace for complimentary third-party identity and access management technologies, and provides supporting documentation and integration information. Participating partners can access tools and support, and build and validate technology integrations with the ForgeRock Identity Platform, and

Cloud Identity Summit renamed Identiverse, calls for presentation proposals

The Identiverse conference, formerly known as Cloud Identity Summit (CIS), is currently accepting proposals for presentations. Identiverse will hold its first event under its new name from June 24 to 28, 2018 in Boston. After 8 years of bringing together identity and security industry thought leaders among 2,000 delegates annually, the conference will transition to its new name with 200 sessions and 50 vendors to share market research, innovations, case studies and best practices for the identity and access management

HYPR joins Mastercard Start Path program

HYPR has been named to the latest class of Mastercard Start Path. Coming on the heels of the authentication solution provider’s recently announced Series A funding round of $8 million led by RRE Ventures, Mastercard’s strategic investment further enables HYPR’s decentralized authentication solutions to extend into the millions of users across the Mastercard payments ecosystem. “The importance of secure authentication has never been greater,” said Roman Kadinsky, COO of HYPR. “Working with Mastercard allows us to bring our decentralized authentication

FIDO Alliance launches FIDO Korea Working Group

The FIDO Alliance has launched the FIDO Korea Working Group to further accelerate awareness and adoption of the FIDO Authentication standards in the Korean marketplace. Korea is a leading adopter of FIDO Authentication and is the country with the most companies receiving FIDO certification for products and solutions based on these standards. The working group will engage locally with governments and enterprises to leverage this momentum and ensure that FIDO standards continue to be widely accepted and adopted across industries.

Majority of European consumers trust organizations using biometrics for online authentication

More than two in three Europeans (68 percent) would trust organizations more if they used biometrics for authentication, according to survey results released Tuesday by Unisys. The survey results indicate broad consumer support for biometric online authentication. Unisys surveyed 3,500 consumers in seven European countries about their opinions on the use of biometric authentication for online accounts and trust levels in organizations managing and storing their personal data. Their responses show 63 percent believe biometrics are stronger than traditional PIN