ATM maker Diebold announced on Wednesday that it has entered into an agreement to acquire Cryptera, a secure payment solutions provider based in Copenhagen, Denmark.
According to Diebold, the acquisition of Cryptera, which supplies PIN pads for ATM and self-service device manufacturers, will help the compan broaden its portfolio for security in self-service environments.
After the acquisition is complete, Cryptera will operate as a separate business, and will continue to be an OEM of Encrypting PIN Pad (EPP) solutions for both Diebold and its existing customers.
“We are very happy to join the Diebold family and eager to bring our expertise in secure PIN-based payment solutions to the company,” said Cryptera President and CEO Kaj Christiansen, who will remain with the company along with existing leadership.
“Diebold has a long and distinguished history, and we’re most excited to contribute to a bright future for both of our organizations. At the same time it’s important that Cryptera will maintain our strategy and mission and we will keep a strong focus to serve our broad range of existing customers,” Christiansen added.
The financial terms of the deal, which is expected to close in the third quarter, have not been disclosed.
Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
More from Eduard Kovacs
- In Other News: Government Use of Spyware, New Industrial Security Tools, Japan Router Hack
- Apple Denies Helping US Government Hack Russian iPhones
- Zero-Day in MOVEit File Transfer Software Exploited to Steal Data From Organizations
- Russia Blames US Intelligence for iOS Zero-Click Attacks
- Cisco Acquiring Armorblox for Predictive and Generative AI Technology
- Moxa Patches MXsecurity Vulnerabilities That Could Be Exploited in OT Attacks
- Organizations Warned of Salesforce ‘Ghost Sites’ Exposing Sensitive Information
- Organizations Warned of Backdoor Feature in Hundreds of Gigabyte Motherboards
Latest News
- Insider Q&A: Artificial Intelligence and Cybersecurity In Military Tech
- In Other News: Government Use of Spyware, New Industrial Security Tools, Japan Router Hack
- OpenAI Unveils Million-Dollar Cybersecurity Grant Program
- Galvanick Banks $10 Million for Industrial XDR Technology
- Information of 2.5M People Stolen in Ransomware Attack at Massachusetts Health Insurer
- US, South Korea Detail North Korea’s Social Engineering Techniques
- High-Severity Vulnerabilities Patched in Splunk Enterprise
- Idaho Hospitals Working to Resume Full Operations After Cyberattack
