Gemalto announced that it has completed the acquisition of Todos AB from investors led by 6AP, a fund belonging to the Swedish National Pension system. Terms of the transaction were not disclosed.
Headquartered in Gothenburg, Sweden, and employing 80 people worldwide, Todos is a provider of strong authentication solutions for Internet banking. Todos has to date delivered more than 20 million products to over 100 financial institutions in more than 30 countries. Todos core offer is the eCode Suite, including the Todos Versatile Authentication Server, which enables strong authentication and transaction verification.
The Versatile Authentication Server supports all leading industry standards and is augmented by patented technology such as Dynamic Signatures. Using their EMV card and a Todos’ eCode reader, consumers can use their PIN code to securely sign internet banking transactions. An additional layer of security can be provided by displaying transaction details on the reader, so that users “sign what they see,” thwarting in particular “man in the browser” attacks.
Over the coming months Todos will be integrated with Gemalto’s Identification and Access Management business line.