IT Pro is supported by its audience. When you purchase through links on our site, we may earn an affiliate commission. Learn more

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

The state of Salesforce: Future of business

Three articles that look forward into the changing state of Salesforce and the future of business

Free Download

The mighty struggle to migrate SAP to the cloud may be over

A simplified and unified approach to delivering Enterprise Transformation in the cloud

Free Download

The business value of the transformative mainframe

Modernising on the mainframe

Free Download

The Total Economic Impact™ Of IBM FlashSystem

Cost savings and business benefits enabled by FlashSystem

Free Download

Recommended

Cloud security market to hit $106 billion by 2029
cloud computing

Cloud security market to hit $106 billion by 2029

11 Apr 2022
How to encrypt files and folders in Windows 10
encryption

How to encrypt files and folders in Windows 10

23 Feb 2022
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

Most Popular

Cyber attack on software supplier causes "major outage" across the NHS
cyber attacks

Cyber attack on software supplier causes "major outage" across the NHS

8 Aug 2022
Why convenience is the biggest threat to your security
Sponsored

Why convenience is the biggest threat to your security

8 Aug 2022
How to boot Windows 11 in Safe Mode
Microsoft Windows

How to boot Windows 11 in Safe Mode

29 Jul 2022