Story image

Gemalto puts final touches on 3M Identity Management acquisition

02 May 17

Gemalto has put the final touches on its acquisition of 3M’s Identity Management Business after the company got approval from regulatory and antitrust authorities.

The deal, worth US$850 million,will give Gemalto access to biometric technology and secure document features in its portfolio.

"With the acquisition of 3M's Identity Management Business, Gemalto makes a strategic move by in-sourcing biometric technology,” comments Gemalto CEO Philippe Vallee.

Last year 3M’s Identity Management Business generated US$202 million in revenue and around $53 million in profit from operations.

The company considers biometrics to be a lucrative field. 3M’s Identity Management Business provides a full spectrum of biometric solutions with a focus on civil identification, border control, law enforcement and 3M’s Document Reader and Secure Materials Businesses.

“Combining our market access, technologies and expertise will enable Gemalto to further accelerate the deployment of trusted national identities and to offer strong end-to-end biometric authentication solutions throughout the digital economy,” Vallee continues.

3M’s Identity Management Business will be integrated into Gemalto’s Government Programs Business. The Government Programs business recorded revenue of US$427 million in 2015.

According to a statement, Gemalto says its combined offers and experience in the public sector will help to build stronger national security through the enrolment, identification and flow of passengers.

The company also says that commercial opportunities in online and mobile transactions will help grow multi-factor authentication and identification areas, especially for physical ID documents. 

Putting these two companies together will ‘allow trusted national identies and strong biometric authentication to develop throughout the digital economy.

"I warmly welcome the new teams joining Gemalto and we look forward to working closely together towards success,” Vallee concludes.

Disruption in the supply chain: Why IT resilience is a collective responsibility
"A truly resilient organisation will invest in building strong relationships while the sun shines so they can draw on goodwill when it rains."
Businesses too slow on attack detection – CrowdStrike
The 2018 CrowdStrike Services Cyber Intrusion Casebook reveals IR strategies, lessons learned, and trends derived from more than 200 cases.
What disaster recovery will look like in 2019
“With nearly half of all businesses experiencing an unrecoverable data event in the last three years, current backup solutions are no longer fit for purpose."
Proofpoint launches feature to identify most targeted users
“One of the largest security industry misconceptions is that most cyberattacks target top executives and management.”
McAfee named Leader in Magic Quadrant an eighth time
The company has been once again named as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.
Symantec and Fortinet partner for integration
The partnership will deliver essential security controls across endpoint, network, and cloud environments.
Is Supermicro innocent? 3rd party test finds no malicious hardware
One of the larger scandals within IT circles took place this year with Bloomberg firing shots at Supermicro - now Supermicro is firing back.
25% of malicious emails still make it through to recipients
Popular email security programmes may fail to detect as much as 25% of all emails with malicious or dangerous attachments, a study from Mimecast says.