A screen shot of DigiNotar's website
(WEB HOST INDUSTRY REVIEW) — Authentication and security firm VASCO (www.vasco.com) announced on Monday that it has acquired Dutch Internet trust services provider DigiNotar (www.diginotar.com) in stock and asset purchase for aggregated cash consideration of $12.9 million.
The deal was financed from VASCO’s cash balances and is expected to be dilutive to its earnings in fiscal 2011.
With this acquisition VASCO intends to expand its digital signature and PKI product and services offerings.
Founded in 1998, DigiNotar is a privately-owned company with customers primarily based in the Netherlands, including government institutions and other organizations.
“We are thrilled to join forces with a global market leader such as VASCO,” Tony de Bos, managing director at DigiNotar said in a statement. “DigiNotar was looking for a strong global partner to open the markets outside the Netherlands for its technologies. With customers in over 100 countries, VASCO is an ideal fit.”
In addition to providing PKI and authentication services, DigiNotar offers various electrontic signing services, document registration and storage services, and SSL certificates.
To set up a national consumer authentication platform in the Netherlands, DigiNotar created its EazyID concept that makes use of VASCO’s DIGIPASS/VACMAN authentication solution.
“DigiNotar is a valuable addition to VASCO’s PKI and digital signature offerings, such as DIGIPASS CertiID and DIGIPASS Key,” Jan Valcke, VASCO’s president and COO said. “We acquired DigiNotar because of its complementary product suite, its highly professional set of employees and its market. With DigiNotar, we are strengthening our services offering and broadening our market reach towards e-government and PKI-based authentication markets. We believe that the DigiNotar acquisition will be instrumental to VASCO?s future growth and success.”
Recently SSL certificate provider GlobalSign launched a Dutch-language website to support its growth in the Netherlands.
About Nicole Henderson
Nicole Henderson writes full-time for the Web Host Industry Review where she covers daily news and features online, as well as in print. She has a bachelor of journalism from Ryerson University in Toronto, and has been writing for the WHIR since September 2010. You can find her on Twitter @NicoleHenderson.
No related posts.
