Utimaco acquires German data protection specialist conpal
By Gloria Methri
Utimaco, the global provider of IT security solutions, has acquired conpal GmbH for the protection of confidential data through encryption and authentication.
Utimaco was already selling conpal products before the acquisition, and with the integration, it can offer customers a complete portfolio of IT security. This includes data encryption, hardware security modules, key management, and public key infrastructure (PKI) in highly regulated areas.
The takeover also marks an important milestone in Utimaco’s strategic development from a product to a solution provider.
LAN Crypt, conpal’s flagship product, will become part of Utimaco’s Data Protection division. Continuity is maintained as Utimaco takes over all previous employees, maintains the locations in Neu-Isenburg and Linz, and invests in further development. The “conpal” brand will be transferred to the Utimaco branding in the future, while “conpal GmbH” will continue to exist as a legal entity.
“We at Utimaco want to position ourselves as the preferred partner for cyber security and compliance in highly regulated and demanding industries. Deep integration, from the hardware through various software systems to the cloud, plays a crucial role for us,” said Stefan Auerbach, CEO of Utimaco. “With conpal, we are now gaining another first-class product that fits seamlessly into our ecosystem.”
“We at conpal have a long-standing business relationship with Utimaco. We know each other very well and have already worked together on projects. We realized that we have similar goals and values and that our corporate cultures fit together very well. Thanks to the integration into Utimaco, we can now join forces and act even better together on the market. Of course, our existing customers can continue to expect the level of quality and service that they are used to from us,” said Rolf Wassermann and Ralf Engers, old and new managing directors of conpal GmbH, who ensure this continuity.
IBSi Daily News Analysis
November 28, 2023
A $4 trillion Islamic banking market to be driven by FinTech, study showsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage