In a new interview posted on the Safran Identity & Security website, company CEO Anne Bouverot has offered details about what to expect from the company’s purchase.
Safran first announced it had entered into negotiations regarding the division’s sale toward the end of September, with Advent International, backed by BPIFrance, being the prospective buyer. Advent is the owner of Oberthur Technologies, another major digital security company whose business has some overlap with Safran Identity & Security.
Terms of the deal are still being worked out but, in the previously mentioned interview, Bouverot says that Advent’s aim is to “combine the two companies” in “an alliance of equals”. Both Safran Identity & Security and OT have, she says, “complementary strengths” that will allow their combined entity to be “a world champion in identification technologies and digital security.”
Bouverot has also revealed that the resulting company will focus on “four key markets: banking, payment, identity and security,” with OT bringing its expertise in embedded security to the table, and Safran Identity & Security covering “biometrics, identity and public security.”
It’s all still very much a work in progress, but the hints offer a glimpse of the company that will ultimately be produced from this major merger in the identity security market.
(Originally posted on FindBiometrics)