Trusted Logic is a leading independent player in the digital security market, providing secure software for personal portable devices. Founded in 1999, Trusted Logic is a pioneer of the digital security world. With operations in France, Ireland, Singapore and South Africa, Trusted Logic employs approximately 100 people and revenue of 9.8 million Euros in 2008. Oliver Piou, Gemalto Chief Executive Officer commented “With this combination, we expand Gemalto’s offering to deploy security-demanding services into the device. This transaction goes along our strategy of extending Gemalto’s business with bolt-on acquisitions that create value in domains adjacent to our business.” Dominique Bolignano, founder and CEO of Trusted Logic added “We have a long-standing relationship with Gemalto and this deal is the best outcome for the customers of Trusted Logic and for our employees. We really look forward to leveraging on Gemalto’s commercial presence around the globe to accelerate the growth of the business”. www.gemalto.com
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