Bell ID and Ecebs bolster Cryptography Research Division
SUNNYVALE, Calif.--(BUSINESS WIRE)--
Rambus
Inc. (NASDAQ:RMBS) today announced it has acquired Smart Card
Software Ltd which includes Bell Identification Ltd (Bell ID) and Ecebs
Ltd (Ecebs) through the purchase of all outstanding shares of Smart Card
Software Ltd., for £64.7M in cash. As part of this acquisition, the
advanced mobile payment platform developed by Bell ID, along with the
smart ticketing platform created by Ecebs, will be incorporated into the
Rambus Cryptography Research Division. Rambus expects the acquisition to
be accretive to pro forma earnings within the first twelve months.
"The secure mobile payment and smart ticketing markets are growth
opportunities, and the technologies developed by Bell ID and Ecebs
complement our CryptoManager platform and will allow us to leverage our
foundational security technology to offer differentiated, value-added
security solutions," said Dr. Martin Scott, senior vice president and
general manager of the Rambus Cryptography Research division. "We
welcome the teams of Bell ID and Ecebs to the Rambus Cryptography
Research division and look to continue building comprehensive product
offerings for the market to better service our collective customer base."
"It's exciting for Bell ID and Ecebs to become part of an organization
with a deep foundation in security which can enhance growth and offer
even more comprehensive solutions to our customers whilst strengthening
its global market and technology profile," said Pat Curran, executive
chairman of Smart Card Software Ltd. "The combined organizations will be
able to streamline the usability of advanced payment and ticketing
schemes in the most secure manner."
Bell ID is a recognized leader in mobile payments. The technologies
created by Bell ID include a full suite of mobile payment solutions that
support cloud-based services using host card emulation (HCE), EMVCo
tokenization (TSP), trusted services management (TSM) for SIM-based
projects and embedded secure element solutions. Ecebs is a leading
supplier of smart ticketing systems to the UK transport markets and has
developed software to meet the growing demand for cloud-based, secure
ticketing schemes, which can open up lower cost smart ticketing to a
wider market. These technologies and solutions will support the Rambus
Cryptography Research portfolio of products and services, providing a
broad range of secure provisioning and management solutions.
To learn more about Rambus and the Cryptography Research Division, visit rambus.com/security.
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About Rambus Cryptography Research
The Rambus Cryptography Research division is dedicated to providing a
secure foundation for a connected world. Our innovative technologies
span areas including tamper resistance, content and media protection,
network security, and secure payment and transaction services. These
technologies protect nearly nine billion licensed products annually,
providing secure access to data and creating invaluable trust between
our customers and their customer base. Additional information is
available at rambus.com/security.
About Rambus Inc.
Rambus creates cutting-edge semiconductor and IP products, spanning
memory and interfaces to security, smart sensors and lighting. Our
chips, customizable IP cores, architecture licenses, tools, services,
training and innovations improve the competitive advantage of our
customers. We collaborate with the industry, partnering with leading
ASIC and SoC designers, foundries, IP developers, EDA companies and
validation labs. Our products are integrated into tens of billions of
devices and systems, powering and securing diverse applications,
including Big Data, Internet of Things (IoT), mobile, consumer and media
platforms. At Rambus, we are makers of better. For more information,
visit rambus.com.
Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 as
amended, including statements regarding the potential benefits and
incorporation of the acquired technologies into the Rambus Cryptography
Research division, expected addition to pro forma earnings within the
first twelve months, growth opportunities of the secure mobile payment
and smart ticketing markets, and the ability to streamline the usability
of advanced payment and ticketing schemes in a secure manner. These
forward-looking statements are based on current expectations, estimates,
assumptions and projections that are subject to change. Actual results
may differ materially from the forward-looking statements due to a
variety of factors including, but not limited to, risks and
uncertainties described from time to time in Rambus's annual report on
Form 10-K, quarterly reports on Forms 10-Q and other periodic filings
with the Securities and Exchange Commission. All forward-looking
statements are made as of the date of this press release and Rambus does
not undertake to update any forward-looking statements based on new
developments or changes in expectations.
RMBSFN
View source version on businesswire.com: http://www.businesswire.com/news/home/20160125006529/en/
Racepoint Global
Hilary Costa, 415-694-6705
hcosta@racepointglobal.com
Source: Rambus Inc.
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