SafeNet Acquires British Cloud Authentication Firm Crytocard

The “Magic Quadrant for User Authentication” report produced by Gartner predicts that by 2017 the number of organisations using Cloud based services as delivery options for refreshed user authentication will increase by 40%.

It is an exciting time for the industry as is apparent from the recent SafeNet acquisition of British firm Cryptocard.  In 2008 the company previously acquired Ingrian Networks. Then in 2009 the company acquired Aladdin Knowledge Systems.

SafeNet was established back in the 80s and started by developing encryption, security and virtual private network technologies.

“Our unique platform for delivering Authentication-as-a-Service is powerful, easy to deploy and helps customers secure their most sensitive data against current and future security threats” said the CEO of Cryptocard.

The combination of SafeNet’s authentication solutions with Crytocard’s flexible Blackshield platform will give SafeNet a strong market position indeed.  The company now also has an increased market opportunity. There is now a great opportunity to capitalise on the rapidly expanding Auth-as-a-Service sector.

“By joining forces and engaging SafeNet’s global scale, we are uniquely positioned to help customers around the world accelerate the migration to and from the cloud in the most secure and cost effective manner,” stated Humphey Chan, Vice President of SafeNet APAC.

“As data continues to proliferate and move beyond traditional perimeters, both enterprise and government customers are demanding solutions that protect and control data and identities across networks, mobile devices and to and from the cloud” said Chan.

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