Thales and the Netherlands’ Gemalto are the world’s two largest Hardware Security Module (HSM) producers, with customers including major cloud services providers and leading banks.
Regulators demanded divestment by Thales of its global general purpose HSM business, marketed under the nShield brand before the deal went ahead, with the European Commission finding that the combined entity would otherwise be a competition risk.
Minnesota-based Entrust Datacard a significant provider of Public Key Infrastructure (PKI) solutions — one of the primary use cases for HSMs — made a successful bid for nCipher late last month following the closely watched divestment.
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