The assets acquired include Keycorp’s implementation of the highly secure MULTOS smart card operating system, the MULTOS brand, the associated patents and the Key Management Authority (KMA) that manages MULTOS card activations worldwide. Approximately 40 MULTOS experts will join Gemalto, mostly based in Australia and UK. The acquisition will contribute over 15 million Euros of annual revenues to the Secure Transactions and Government Programs segments of Gemalto on an annual basis, with over half of the revenues coming from Asia. MULTOS was previously owned by Mastercard Worldwide through Mondex, and is promoted by the Maosco consortium, which includes Infineon, Samsung, Dai Nippon Printing and Thales in its membership. MULTOS was the first smartcard operating system to receive the highest security certification possible, ITSEC E6 High / EAL6+. “We will continue to develop and actively promote MULTOS in the payment and ID world” commented Philippe Cambriel, Executive Vice President for Secure Transactions. “In particular, for the high-end and multi-application segments of EMV payment cards, MULTOS fully complements our Java product and services range to provide a comprehensive portfolio. It extends our base of blue chip banking customers, and also brings a highly recognized secure post-issuance service for banking applications, with proven efficiency, scalability and value”. Olivier Piou, Gemalto Chief Executive Officer, added: “This important bolt-on acquisition reinforces our software and services offering across Gemalto business lines. It will allow Gemalto to leverage its large installed base of intelligent devices with a commercially-demonstrated highest-security post-issuance activation service, which will be critical for example in mobile payment and NFC (Near Field Communication) applications. The timing is also right: the turn-around of Secure Transactions has been successfully completed, the segment posted strong results in the first half 2008, and it is now operating on strong foundations, ready to pursue the next opportunities.” remi.calvet@gemalto.com www.gemalto.com