Advent completes Safran deal

Advent International and French investment bank Bpifrance have completed a deal to acquire the French company Safran Identity & Security. Last September, Safran announced that it had entered into exclusive negotiations with Advent International, the owner of Oberthur Technologies since 2011, to sell its identity and security activities and the transaction was finalized on May 31, 2017. Advent will merge Safran Identity & Security with Oberthur Technologies to form a new company temporarily called OT-Morpho. The company will unveil its

Safran in exclusive talks to sell biometrics division to Advent for $2.7B

According to a report in Bloomberg, Safran has entered exclusive negotiations to sell its Safran Identity & Security division (formerly Morpho) to U.S. private-equity firm Advent International Corp. for $2.43 billion euros ($2.7 billion USD). The deal would see Safran’s biometric identification technology combined with Advent’s Oberthur Technologies, creating a business with $2.8 billion euros in annual revenue. In a statement, Advent commented that the combination of the Safran business with Oberthur would make them “uniquely positioned to accelerate the

OT and Leti to collaborate on security solutions

Leti, an advanced-research institute within the CEA Technological Research Division, and OT (Oberthur Technologies) announced they have signed a letter of intent to collaborate on a wide range of technologies and digital solutions for security and performance in a connected world. These areas include biometrics, component and systems security, electronics, low-power architecture, IoT and connectivity. “The growing demand we record from our customers around the world for our cryptography and our embedded and remote management technologies to secure the IoT

OT eSE solution receives four new certifications for biometric payment and for transport

OT (Oberthur Technologies) announced that PEARL by OT is the first embedded secure element (eSE) worldwide to be certified by Visa, MasterCard and Amex for biometric-compliant payment applets (VISA VMPA v1.4, MasterCard MCM v1.1 and AMEX v2.0), as well as by OSPT Alliance (CIPURSE V2) for urban transport applications and value added services. These latest certifications given to PEARL 800K Classic v4 solidifies PEARL by OT’s position as the most advanced multi-application eSE on the market, according to OT. Launched

OT to supply ePassports to Republic of Mali

Following an invitation to tender, OT (Oberthur Technologies) has signed a contract with the Government of the Republic of Mali to supply a complete solution for issuing electronic passports which meet the strictest international security standards. According to a statement by the company, the public private partnership (PPP) gives OT a contract for 10 years, during which time the Republic of Mali will benefit from a comprehensive and innovative hi-tech industrial solution for its latest generation passport. The Republic of

Safran narrows Morpho acquisition to five bidders

Safran has narrowed the sale of its biometric identification unit Morpho to a shortlist of five bidders including SIM card manufacturers Gemalto and Oberthur, according to a report by Reuters. The move comes a couple weeks after private equity fund Advent made a bid for Morpho with the intention of merging it with Advent-owned Oberthur Technologies. In addition to Gemalto and Oberthur, which is backed by private equity firm Advent, Safran’s board has selected KKR, Bain Capital and CVC Capital

Advent makes a bid for Safran’s biometric identification unit

Reuters is reporting that private equity fund Advent has made a bid for Safran’s biometric identification unit Morpho with the aim to merge it with Advent-owned Oberthur Technologies. In an interview with French newspaper Le Figaro, the head of Advent France, Cedric Chateau, said that the merger of the two firms could create a France-based world leader in secure authentification. A Safran spokeswoman declined to comment on Advent’s offer. In April, Safran agreed to sell its U.S.-based Morpho Detection business

Precise Biometrics enters licensing agreement with Oberthur Technologies

Precise Biometrics has entered into an agreement with Oberthur Technologies (OT) for licensing of Precise BioMatch Embedded. Precise BioMatch Embedded is an algorithm solution that offers secure fingerprint recognition for products such as smart cards, wearables, locks and cars. In a statement, the company says the integration of Precise Biometrics’ fingerprint recognition solution in PEARL by OT, an advanced multi-application embedded secure element (eSE) for mobile, M2M and IoT devices, brings an additional layer of security to biometric authentication and

Oberthur Technologies to provide Nepal with digital passports and enrolment stations

Oberthur Technologies (OT) announced that it has been selected by the Nepalese government to provide 2.5 million machine-readable passports (MRP) and 50 Live Enrollment Center (LEC) enrollment stations across 10 global locations as well as in the Department of Passports in Katmandu. The move expands on Nepal’s long-term partnership with OT in which the company provided the country with 4.5 million MRP over the last five years. With this latest contract, OT will provide the Nepalese government with the next

Oberthur Technologies launches new biometrics-friendly access control solution

Oberthur Technologies has announced the launched of a new range of products for the identity and access security market. Dubbed, Guardialys Convergence, the company says these new solutions provide a single smart device for securing premises and data access at the same time. They also offer both physical and logical access control through four packaged solutions: Guardialys Convergence Entry, Convergence QS, Convergence HT and Convergence PIV. Guardialys Convergence HT supports biometric match-on-card. “By implementing the latest technologies such as biometric match-on-card