German security expert acquires smart card specialists from Munich
Munich, December 20, 2018 - The Nordwind Capital portfolio company DriveLock SE, one of the leading international specialists for IT and data security for industrial production and office environments, takes over the business operations of charismathics GmbH and of the US subsidiary charismathics Inc. in Austin, Texas (USA) with effect from December 1, 2018. With the implementation of the middleware developed by charismathics, DriveLock expands its product portfolio, now supporting more than 100 physical and virtual smart cards in DriveLocks’ software platform.
With the acquisition DriveLock takes over the employees of the Munich-based company and will continue to develop the charismathics solution in the future. The existing customers of charismathics will continue to receive the accustomed support at the highest level.
Charismathics is a leading provider of intelligent authentication solutions especially for public authorities and large international companies. Among the charismathics products are the CSSI smartcard middleware, virtual CVSC smartcard and CTSS device authentication. charismathics' customer base includes Fortune 500 customers in the aerospace, oil and gas, banking segments as well as public institutions. Charismathics was founded in Munich in 2004 and has offices in Munich and Austin, Texas.
"Companies want effective IT security solutions with minimal administrative overhead. The trend is moving in favor of vendors who offer as many components and solutions as possible from a single source. Therefore, it is the next logical step for us to become part of a comprehensive, lean and effective endpoint protection platform with DriveLock. We are pleased to integrate and further develop charismathics smart cards into the DriveLock portfolio together with our colleagues at DriveLock," explains Thomas Golinski, Managing Director of charismathics GmbH.
"With Thomas Golinski, a proven expert and industry specialist joins our team. We are convinced that the acquisition will enable us to successfully develop our business worldwide. In addition, DriveLock will integrate the existing charismathics middleware into the DriveLock management console in order to be able to offer existing customers an interesting solution," confirms Anton Kreuzer, CEO of DriveLock SE.
About charismathics:
Charismathics GmbH was founded in 2004 and is now one of the world's leading providers of IT security components and identity management software. The versatile security solutions are used professionally by system integrators, software and hardware manufacturers as well as IT service providers. Due to the worldwide market-leading technology, charismathics products reduce the total costs of existing identity management solutions by using open interface standards - regardless of the platform used. The core of the portfolio is the CSSI middleware (charismathics smart security interface), which now enables millions of users worldwide to use it flexibly and in a user-friendly manner.
About DriveLock:
For more than 15 years, the German company DriveLock SE has been one of the world's leading
specialists for IT and data security. The company has made a name for itself globally with its Endpoint Protection Platform. DriveLock’s USPs include its extremely granular configuration in device control for USB and other interfaces as well as for the encryption of hard disks (FDE) and data on mobile data carriers. DriveLock thus offers full all-round protection against digital threats for all endpoints.
The fully integrated Endpoint Protection Platform supports different operating systems, clients/devices and is offered as a hybrid solution on-premise or from the cloud - made in Germany and "without a backdoor". www.drivelock.de
About Nordwind Capital:
Nordwind Capital invests indefinitely in fast-growing and profitable companies with interesting growth prospects. Typical investment situations are the expansion of the investor base for risk diversification of the previous owner, the injection of further growth capital up to the complete acquisition of a company within the framework of succession planning.