Amsterdam, Nov 3, 2009 - Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security, today confirmed that it has subscribed to a capital increase in Serverside Group, with an option to potentially acquire the company at a later date. Gemalto has also entered into a worldwide distribution agreement with Serverside. Gemalto will consolidate Serverside’s results as of September 2009. The terms of the transaction were not disclosed.
About Serverside Group
Founded in 2003, Serverside Group is the global technology leader in digital card design, and a provider of innovative software solutions to issuers, personalization bureaus and card producers.
Serverside has built a market-leading position by running more than 1,000 card programs through its network of approximately 200 card issuers in 23 countries. Its clients include RBS Group, Banco Sabadell, ING, Permanent TSB, ANZ, BMW, KBC, Fortis, Eurobank, First National Bank Omaha and Heritage Building Society.
Serverside Group is headquartered in London and has offices in New York, Chicago and Auckland.
About Gemalto
Gemalto (Euronext NL 0000400653 GTO) is the world leader in digital security with 2008 annual revenues of €1.68 billion, and 10,000 employees operating out of 75 offices, research and service centers in 40 countries.
Gemalto is at the heart of our evolving digital society. The freedom to communicate, travel, shop, bank, entertain, and work—anytime, anywhere—has become an integral part of what people want and expect, in ways that are convenient, enjoyable and secure.
Gemalto delivers on the growing demands of billions of people worldwide for mobile connectivity, identity and data protection, credit card safety, health and transportation services, e-government and national security. We do this by supplying to governments, wireless operators, banks and enterprises a wide range of secure personal devices, such as subscriber identification modules (SIM), Universal Integrated Circuit Card (UICC) in mobile phones, smart banking cards, smart card access badges, electronic passports, and USB tokens for online identity protection. To complete the solution we also provide software, systems and services to help our customers achieve their goals.
As the use of Gemalto's software and secure devices increases with the number of people interacting in the digital and wireless world, the company is poised to thrive over the coming years.
For more information please visit www.gemalto.com.
Contacts:| Investors Relations Vincent BIRAUD M.: +33 (0) 6 08 48 33 23 vincent.biraud@gemalto.com | TBWA Corporate Emlyn Korengold M. : +33 (0) 6 08 21 93 74 emlyn.korengold@tbwa-corporate.com |
| Corporate Communication Rémi CALVET M.: +33(0) 6 22 72 81 58 remi.calvet@gemalto.com | |