Atos announced that it has signed an agreement to acquire cv cryptovision GmbH, a leader in state-of-the-art cryptographic products and solutions for securing digital identities. This acquisition will strengthen Atos’ cybersecurity product lines and boost the company’s business in the public sector and defense market in Europe.
Founded in 1999 and headquartered in Gelsenkirchen, Germany, cryptovision designs, develops and implements cryptography software, security solutions and hardware products. Its unique solutions are made in Germany, c******** by the Federal Office for Information Security (BSI) and accredited by the NATO. The company has a proven track-record of successfully addressing organizations’ digital security challenges, in particular those in the public and defense sectors, as well as other sectors with highly demanding regulations and security standards.
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The combination of the two companies will enable numerous synergies in their go-to-market approach. Atos will benefit from cryptovision’s strong network of resellers and global technology partnerships in the e-ID markets. cryptovision will benefit from Atos’ trusted relationship with European government customers and the Group’s ability to deliver end-to-end integrated solutions on national and international scale.
“We are delighted to welcome cryptovision to the Atos family and to work together to develop even more effective security solutionsthat meet growing cybersecurity and privacy needs. cryptovision products complete the existing Atos cybersecurity products portfolio so we will be able to address new projects and customers, both in the German market and internationally. This strategic move further expands Atos’ strategy to strengthen its cybersecurity presence, capabilities and portfolio worldwide.” says Pierre Barnabé, Senior Executive Vice President, Global Head of Big Data & Security at Atos.
“With the now agreed affiliation with Atos, cryptovision benefits in many ways – in particular through the global presence and comprehensive cyber security expertise of an international group. At the same time, cryptovision will be able to expand its technological depth of value creation for its customers,” says Markus Hoffmeister, Founder and CEO of cryptovision.
The transaction is expected to close by end of Q3 2021 and is subject to the approval of the local governance and regulatory bodies of both parties.
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