Cryptocard acquired by Safenet

The UK authentication provider is snapped up by the US encryption firm.

Cloud acquisition

Cryptocard, the UK authentication specialist, has been bought up by US encryption company SafeNet for an undisclosed sum.

The deal will see Safenet acquire Cryptocard's Blackshield cloud platform, which allows organisations to use legacy authentication servers and tokens to secure remote access to virtual desktop infrastructure and cloud platforms. It also includes the company's Fully Trust Authentication service.

By 2017, more than 50 per cent of enterprises will choose cloud-based services as the delivery option for new or refreshed user authentication implementations.

"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 president and chief executive (CEO) of SafeNet, Chris Fedde.

Analysts have forecast big growth in the authentication market. According to Gartner's Ant Allan, it will increase by around 30 per cent over the next twelve months.

"By 2017, more than 50 per cent of enterprises will choose cloud-based services as the delivery option for new or refreshed user authentication implementations, up from less than 10 per cent today," said Allan.

"However, it is likely that on-premise solutions will persist, especially in more risk averse enterprises that want to retain control of identity administration, credentialing and verification."

The acquisition is the latest in a wave of consolidation in the cloud security market. Last week, Trustwave announced it was acquiring cloud security research firm M86.

Featured Resources

Next-generation time series: Forecasting for the real world, not the ideal world

Solve time series problems with AI

Free download

The future of productivity

Driving your business forward with Microsoft Office 365

Free download

How to plan for endpoint security against ever-evolving cyber threats

Safeguard your devices, data, and reputation

Free download

A quantitative comparison of UPS monitoring and servicing approaches across edge environments

Effective UPS fleet management

Free download

Recommended

Alkira offers Check Point CloudGuard Security to secure virtual cloud networks
Cloud

Alkira offers Check Point CloudGuard Security to secure virtual cloud networks

29 Sep 2021
Iboss protects web sessions with remote browser isolation
Cloud

Iboss protects web sessions with remote browser isolation

16 Aug 2021
Researchers send “unhackable” quantum data over 370-mile optical fiber
data protection

Researchers send “unhackable” quantum data over 370-mile optical fiber

11 Jun 2021
Most CISOs worry cloud software flaws aren’t being caught
cloud security

Most CISOs worry cloud software flaws aren’t being caught

7 Jun 2021

Most Popular

UK spy agencies supercharge espionage efforts with AWS data deal
cloud computing

UK spy agencies supercharge espionage efforts with AWS data deal

26 Oct 2021
Best Linux distros 2021
operating systems

Best Linux distros 2021

11 Oct 2021
Apple MacBook Pro 15in vs Dell XPS 15: Clash of the titans
Laptops

Apple MacBook Pro 15in vs Dell XPS 15: Clash of the titans

11 Oct 2021