Cryptomathic is a global provider of secure server solutions to businesses across a wide range of industry sectors, including banking, government, technology manufacturing, cloud and mobile. The company provides systems for Authentication & Signing, EMV, Key Management and PKI & ID.
Both Cryptomathic and Aconite Technology are focused on providing secure infrastructure for EMV payments. The acquisition will enable the two companies to leverage their combined expertise in the field.
Post-acquisition, the increasing collaboration between the two companies is anticipated to accelerate expansion into emerging and growth markets for EMV payment services. South Africa, for example, is demonstrating considerable demand for specialist EMV infrastructure solutions from both challenger startups and some of the biggest established banks who are looking to re-platform to regain market agility.
Cryptomathic and Aconite Technology will continue to operate as individual brands in the marketplace and their respective organisational and management structures will remain unchanged.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
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