Germany-based Utimaco is to buy the Atalla HSM and ESKM business lines from Micro Focus, which were previously owned by Hewlett Packard Enterprise (HPE) prior to the September 2017 merger of its software business with Micro Focus.
Utimaco makes Hardware Security Modules (HSMs), and sells them through the channel into vertical markets including automotive, government, media & entertainment, smart metering, semiconductors, telecommunications and the banking and financial services sectors. Utimaco is traditionally strong in its German home market based on its longstanding German banking association certification (DK) and has recently achieved PCI accreditation for the SecurityServer product line.
Atalla is an established name in electronic payment HSMs, so Utimaco aims to grow into the payments market with access to banking and financial services players, especially in the USA, UK and Asia. Utimaco is committed to maintaining the Atalla team and investing further at its California location.
The transaction is pending completion due to required customary regulatory approvals and is expected to close in late 2018.
Malte Pollmann, Utimaco’s Chief Executive Officer, says: “The acquisition of Atalla will mark a key milestone in the further implementation of our growth strategy. It is complementary in terms of product portfolio and regional footprint as well as the vertical markets we are addressing. Both Utimaco and Atalla are pioneers in hardware security modules, the combination of which leads to an unrivaled wealth of experience and know-how. We have tremendous respect for Atalla´s technological achievements in the payments arena and want to remain a focused specialist in this area, and directly approachable for partners and customers.”
