Rambus has acquired Smart Card Software Ltd for £64.7M in cash, or approximately $93 million at the current exchange rate.
The newly acquired company – which comprises Bell Identification Ltd (Bell ID) and Ecebs Ltd (Ecebs) – will bolster the security portfolio of Rambus’ Cryptography Research division. To be sure, both Ecebs and Bell ID have created elements of critical technology behind the majority of leading software-based transaction protocols.
According to Dr. Martin Scott, senior VP and GM of Rambus’ Cryptography Research division, 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.
Meanwhile, Ecebs a leading supplier of smart ticketing systems to the UK transport markets, 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.
Bell ID is based in The Netherlands and Ecebs is based in Scotland. Rambus will maintain facilities in both of these locations – continuing to service and support Bell ID and Ecebs customers.
“The secure mobile payment and smart ticketing markets are growth opportunities,” Dr. Scott added. “The technologies developed by Bell ID and Ecebs complement our CryptoManager platform [and] will allow [Rambus] to leverage our foundational security technology to offer differentiated, value-added security solutions.”