Technology

Utimaco secures 35% revenue growth

Utimaco Safeware AG, a company that specializes in authentication and data encryption systems for personal digital assistant devices, says it has grown revenue by almost 35% in the first nine months of its current business year to March 2005.

CBR Staff Writer May 19, 2005

Total revenue increased to 26.6 euros ($33.6m). Cash and equivalents are running at 24m euros ($30.3m).

Utimaco is one of a number of niche mobile security software vendors addressing the protection of data resident on mobile computing devices, and competes against the likes of Certicom, Pointsec, F-Secure, Trust Digital, and Asynchrony Solutions.

Utimaco’s SafeGuard PDA system and the associated SafeGuard PrivateCrypto module is closest in design to F-Secure’s FileCrypto, but Utimaco’s product is distinguished by offering both PIN and biometric access control via signature recognition.

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