Rambus Acquires Secure Mobile Payment and Ticketing Solutions
January 25 2016 - 4:07PM
Business Wire
Bell ID and Ecebs bolster Cryptography Research
Division
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.
Follow Rambus:
Company website: rambus.comRambus blog: rambusblog.comTwitter:
@rambusincLinkedIn: www.linkedin.com/company/rambusFacebook:
www.facebook.com/RambusInc
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 GlobalHilary Costa, 415-694-6705hcosta@racepointglobal.com
Rambus (NASDAQ:RMBS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Rambus (NASDAQ:RMBS)
Historical Stock Chart
From Sep 2023 to Sep 2024