France-based smart card company Gemalto has increased its investment in software-as-a-service (SAAS) provider Serverside, with an option to potentially acquire the company at a later date. Financial terms of the deal were not disclosed. Skip related content
The company has also entered into a worldwide distribution agreement with Serverside, which employs 45 people in offices in the UK, the USA and New Zealand. It said Serverside's SAAS platform AllAboutMe enables custom images and designs to be uploaded via a website and then processed by the participating banks' supply chain to enable personalized bank cards.
Olivier Piou, CEO at Gemalto, said: "This new bolt-on acquisition expands our software and services offering in the banking and loyalty arena. In addition, we will be able to leverage the Serverside platform in our Identity and Access Management service business, towards custom services to enterprises in particular."
In September, Gemalto acquired secure software platforms vendor Trusted Logic for an undisclosed sum. Earlier this year, it acquired the mobile services business of Netherlands-based chipmaker NXP, and Germany-based O3SIS.
