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Home / News / Utimaco to expand portfolio in key management by acquiring GEOBRIDGE Corporation

Utimaco to expand portfolio in key management by acquiring GEOBRIDGE Corporation

February 24, 2020

The acquisition will enable integrated solutions for key injection at the POS and flexible management of cryptographic keys, especially for the financial industry.

Aachen, Germany & Campbell (CA), USA, February 24, 2020 – Utimaco, a leading global provider of IT security solutions, announced today an agreement to acquire GEOBRIDGE Corporation. This acquisition will expand Utimaco’s key management portfolio for the financial industry. Upon the closing of the acquisition, GEOBRIDGE’s employees and customers will be integrated into Utimaco’s Information Security business and solutions to offer enhanced solutions and services to Utimaco and GEOBRIDGE customers.

The combination of GEOBRIDGE with Utimaco’s businesses will enable key injection at the point of sale and key management as a service. GEOBRIDGE’s KeyBRIDGE platform compliments Utimaco’s Atalla product line of hardware security modules (HSM), to build a comprehensive offering for the injection and management of cryptographic keys in a corporate context.

“The KeyBRIDGE platform combined with our Atalla hardware security module will offer greater flexibility to financial institutions and payment providers to inject and remotely manage cryptographic keys, simplifying security for our customers even as the environment grows more complex.” said Malte Pollmann, Chief Strategy Officer of Utimaco. “By acquiring GEOBRIDGE, we are taking the next step in developing Utimaco from a product vendor to a solution provider and complementing our solution portfolio in a meaningful way in order to be able to offer customers an integrated security solution.”

Founded in 1997, GEOBRIDGE has established itself as one of the first system integrators for encryption methods, and key management providers for payment solutions. GEOBRIDGE has developed a deep understanding of the challenges in the marketplace, and developed various proprietary solutions to address these challenges. GEOBRIDGE participated in the development of international standards such as ASC X9, PCI and EMVco.

“We are extremely excited to become part of the Utimaco team,“ said Laura Way, Chief Executive Officer of GEOBRIDGE. “Utimaco shares our commitment to providing industry leading HSM and Key Management solutions. Through this acquisition, we will be better positioned to support and provide additional services to our clients around the globe.”
“The industry faces migration and interoperability challenges,” added Jason Way, Chief Technology Officer at GEOBRIDGE. “Our customers need to shift to Advanced Encryption Standard or AES and adoption of key bundling while maintaining support for derived unique key per transaction (DUKPT) with a solution that is already validated for compliance through 2026. Together with Utimaco we have a valuable head start in meeting the challenges of the future.”

The closing of Utimaco’s acquisition of GEOBRIDGE is expected in the first quarter of 2020, subject to the satisfaction of customary closing conditions, including receipt of government approval and necessary third-party consent.

About Utimaco
Utimaco is an international provider of IT security solutions with headquarters in Aachen (Germany) and Campbell, CA (USA). Utimaco develops hardware security modules and compliance solutions for telecommunication providers in the field of regulation. Utimaco is one of the world’s leading manufacturers in both of these market segments.

Over 290 employees have committed to the company´s goal to protect people, ideas and data. Customers and partners value the reliability and long-term investment security of Utimaco’s high-security products and solutions. Utimaco stands for recognized product quality, user-friendly software, excellent support and products that effectively meet market requirements. Find out more on www.utimaco.com.

About GEOBRIDGE
GEOBRIDGE Corporation (www.GEOBRIDGE.net) is a woman-owned [technology] company, providing systems integration of compliance services, key management program development, payments industry consulting, and cryptographic solution architecture and implementation. Since 1997, GEOBRIDGE has helped clients worldwide to mitigate risk while allowing our clients to focus on the growth and profitability of their company.

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Softline Solutions GmbH Cyber Armor Pte Ltd Envoy Data Corporation - Utimaco Hardware Security Modules Partner Ascertia - Utimaco Hardware Security Modules Partner Throughwave (Thailand) Co.,Ltd - Utimaco Hardware Security Modules Partner JJNet International Co., Limited - Utimaco Hardware Security Modules Partner Synergy Computers (Pvt.) Ltd. - Utimaco Hardware Security Modules Partner Clearkey Consulting - Utimaco Hardware Security Modules Partner Nexus - Utimaco Hardware Security Modules Partner CREA plus d.o.o. Nexus Technology GmbH Utimaco HSM - InfoGuard Swiss Cyber Security Thomas-Krenn.AG Primekey Solutions AB Nexus - Utimaco Hardware Security Modules Partner Utimaco HSM - QuintessenceLabs Cogito Group Pty Ltd Cryptomathic GmbH PETA (Thailand) Co., Ltd. Abrantix AG ESYSCO Sp. z o.o. Macroseguridad PrimeKey Labs GmbH Fornetix - Utimaco Hardware Security Modules Partner Encryption Consulting LLC Perceptus-sp.-z-o.-o. MTG - Utimaco Hardware Security Modules Partner CREAplus Italia S.r.l Versasec VAR Group SpA - Utimaco Hardware Security Modules Partner Fortiedge Pte Ltd. SecureMetric Technology Sdn. Bhd. Cryptomathic A/S Secure Source Distribution (M) Sdn Bhd - Utimaco Hardware Security Modules Partner Rohde & Schwarz Cybersecurity GmbH Komar Consulting Inc. - Utimaco Hardware Security Modules Partner Skytech Computing Solutions Limited. - Utimaco Hardware Security Modules Partner EUROPEAN DYNAMICS SA. Microexpert Limited Safesoft Kft. CewTec S.A. intarsys AG Real security d.o.o. Telegrupp AS Utimaco HSM - PTESA_profesionales en transacciones electronicas Astel (UK) Ltd. - Utimaco Hardware Security Modules Partner Baas Control s.r.o. Compumatica secure networks GmbH E-Sign S.A. Altacom UAB MALKOM D.Malińska i Wspólnicy s.j. CertiSur S.A. PKI Solutions Inc. CEGA Security cv cryptovision GmbH Cryptomathic Inc. MIcrosec AKEA S.A. - Utimaco Hardware Security Modules Partner IQuantics Corp Compumatica secure networks B.V.
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Utimaco IS GmbH
Germanusstraße 4
52080 Aachen
Germany
Phone: + 49 241 1696 200

Americas

Utimaco Inc.
900 E Hamilton Ave., Suite 400
Campbell, CA 95008
USA
Phone: +1 844 UTIMACO

APAC

Utimaco IS Pte Limited
80 Raffles Place,
#32-01, UOB Plaza
Singapore 048624
Phone: +65 6622 5347

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    • applications
      • authentication
      • blockchain
      • code signing
      • database encryption
      • document signing
      • key injection
      • post-quantum crypto agility
      • public key infrastructure (PKI)
        • EJBCA
      • random number generator (RNG)
    • compliance
      • certifications & approvals
        • Common Criteria (CC)
        • FIPS 140-2
      • compliance & standardization
        • FISMA, FedRAMP, and FICAM
        • Certificate Policy of the Smart Metering PKI
        • eIDAS
        • GDPR
        • PCI DSS
        • Privacy Shield
  • products
    • general purpose HSM
      • SecurityServer Se Gen2
      • SecurityServer CSe
      • Block-safe
      • CryptoServer CP5 (eIDAS & CC)
      • CryptoServer Cloud
      • TimestampServer
      • Q-safe
    • payment HSM
      • Atalla AT1000
      • PaymentServer Se Gen2
      • PaymentServer CSe
      • Secure Configuration Assistance (SCA)
      • QuickStart Services
      • u.cloud – Atalla PaymentHSMaaS
      • u.trust 360
    • Software Development Kit (SDK)
      • CryptoServer SDK
      • CryptoScript SDK
    • key management
      • Enterprise Key Management
    • HSM simulators
      • Block-safe HSM simulator
      • CryptoServer CP5 simulator (eIDAS & CC)
      • SecurityServer simulator
      • Q-safe HSM simulator
    • form factor
      • LAN appliance
      • PCIe card
      • cloud, “HSM as a Service”
    • KeyBRIDGE
      • KeyBRIDGE POI
      • KeyBRIDGE RKD
      • KeyBRIDGE eKMS
      • TokenBRIDGE™
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