Rambus has announced it has acquired Smart Card Software Ltd which includes Bell Identification (Bell ID) and Ecebs Ltd (Ecebs) through the purchase of all outstanding shares of Smart Card Software, for £64.7M in cash.
As part of this acquisition, the advanced mobile payment platform developed by Bell ID, along with the smart
ticketing platform created by Ecebs, will be incorporated into the Rambus Cryptography Research Division. Rambus expects the acquisition to be accretive to pro forma earnings within the first twelve months.
“The secure mobile payment and smart ticketing markets are growth opportunities, and the technologies developed by Bell ID and Ecebs complement our CryptoManager platform and will allow us to leverage our foundational security technology to offer differentiated, value-added security solutions,” said Dr. Martin Scott, senior vice president and general manager of the Rambus Cryptography Research division.
“We welcome the teams of Bell ID and Ecebs to the Rambus Cryptography Research division and look to continue building comprehensive product offerings for the market to better service our collective customer base.”
“It’s exciting for Bell ID and Ecebs to become part of an organization with a deep foundation in security which can enhance growth and offer even more comprehensive solutions to our customers whilst strengthening its global market and technology profile,” said Pat Curran, executive chairman of Smart Card Software Ltd. “The combined organizations will be able to streamline the usability of advanced payment and ticketing schemes in the most secure manner.”