OT and Morpho finalise deal

05/06/17

Oberthur Technologies (OT) and Safran Identity & Security (Morpho) have announced they are joining forces to create a world leader in digital security & identification technologies.

In September 2016, Safran announced that it had entered into exclusive negotiations with Advent International, the owner of Oberthur Technologies since 2011, to sell its identity and security activities and the transaction was finalised on 31 May 2017.

Temporarily designated by the name OT-Morpho, the company will unveil its new name in September 2017.

OT-Morpho says that with a mix of complementary activities addressing the specific needs of five major industries (financial services, telecoms, identity, security and IoT), it has an extensive global presence and technological expertise in biometrics, authentication, digital security, data and video analytics.

With close to 3 billion euros in revenues, OT-Morpho employs more than 14,000 people worldwide, nearly 2,000 of whom work in R&D.

“We are truly excited about combining OT and Morpho, two highly complementary leading companies,” says Didier Lamouche, CEO, OT-Morpho. “This merger will bring something completely new to the market, with trusted identities at the core of our solutions. As our physical and digital, civil and commercial lifestyles converge, OT-Morpho stands precisely at that crossroads to leverage the best in digital security and identity technologies, including biometrics, to offer customised solutions to its clients.”

 

Related articles

Subscribe to our free newsletter
Follow us on Twitter
Join us on LinkedIn

OT and Morpho join forces
OT and Morpho join forces

Latest Features & Interviews

SDW 2018 Interview: secunet on EES

In this interview, Frank Steffens, Principal in the Homeland Security division of Germany’s secunet tells us about their approach to the biometric Entry/Exit System (EES) planned in Europe.

SDW 2018 Interview: Ixla

Company spotlights have been created to give firms operating in the secure documents and identity industry an opportunity to discuss trends, product innovations and achievements.

White paper: Gemalto - The paper elements of a passport

An expert’s guide to using the paper elements of a passport.

More articles >>
Share |

Sponsored Links

SDW Conference and Exhibition
SDW is a world-leading conference and exhibition providing a global showcase for next-generation secure credentialing solutions.

connect:ID 2019 Event supported by Planet Biometrics 29 Apr 19 - 01 May 19
SDW 2019 @ Identity Week Event supported by Planet Biometrics 11 Jun 19 - 13 Jun 18