Gemalto, the world leader in digital security, today announced that it has acquired SensorLogic. Terms of the transaction, which was structured as an asset deal, were not disclosed.
Founded in 2002, with its main location in Plano, Texas, SensorLogic has developed a cloud-based, machine-to-machine (M2M) service delivery platform which allows customers to build, deploy and manage M2M solutions in a broad range of applications such as asset tracking, telematics and equipment monitoring and servicing. The SensorLogic “platform as a service” approach allows enterprises, mobile network operators, system integrators and service providers to bring services to market at a fraction of the cost of a traditional in-house development. By adding a well recognized application development platform to the Cinterion market leading range of M2M modules, MIM cards and MIM management capabilities, and Over-The-Air device management and security solutions, Gemalto has created a globally unique offering for M2M.
Commenting on the transaction, Oliver Piou, Gemalto Chief Executive Officer noted:
“With M2M, we continue to replicate our successful business model. Starting from advanced software embedded in a device, we add remote management and then application support to provide superior performance and differentiation to our customers.”
Norbert Muhrer, Cinterion’s CEO, added
“SensorLogic is a perfect fit for our M2M business. With SensorLogic, we are taking complexity out of M2M deployments thus clearly adding value to our clients”.
Michael Campbell, CEO of SensorLogic, confirmed “I believe that the combination of Gemalto, Cinterion, and SensorLogic has no match in the market today. Serving both the mobile network operators and enterprise worlds, Gemalto through Cinterion will clearly take our platform to new levels.”
Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security with 2010 annual revenues of €1.9 billion and over 10,000 employees operating out of 87 offices and 13 Research & Development centers in 45 countries.
Gemalto is the world leader for electronic passports and identity cards, two-factor authentication devices for online protection, smart credit/debit and contactless payment cards, as well as subscriber identification modules (SIM) and universal integrated circuit cards (UICC) in mobile phones. Also, in the emerging machine-to-machine applications Gemalto is a leading supplier of wireless modules and machine identification modules (MIM). To operate these solutions and remotely manage the software and confidential data contained in the secure devices Gemalto also provides server platforms, consulting, training, and managed services to help its 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.