UK authentication specialst Cryptocard has been bought up by US encryption company SafeNet for an undisclosed sum.
The deal will see the US company 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 with its Fully Trust Authentication service.
“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 officer of SafeNet, Chris Fedde.
Analyst have forecasted that the user authentication market is expected to grow. According to Gartner’s Ant Allen 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 ten per cent today,” said Allen. “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.The deal will see the US company 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 with its Fully Trust Authentication service.
“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 officer of SafeNet, Chris Fedde.
Analyst have forecasted that the user authentication market is expected to grow. According to Gartner’s Ant Allen 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 ten per cent today,” said Allen. “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.
The deal will see the US company 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 with its Fully Trust Authentication service.
“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 officer of SafeNet, Chris Fedde.
Analyst have forecasted that the user authentication market is expected to grow. According to Gartner’s Ant Allen 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 ten per cent today,” said Allen. “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.
