| Acquired by | VeriFone Systems |
| Price | $18M |
| Date | 9/10 |
| Terms | Stock |
| Website | semtek.com |
| Category | Security |
| questions@semtek.com | |
| Employees | |
| Founded | 1999 |
| Description | Card Data Security |
| VENTURE FUNDING | |
| Series A, 10/07 Venrock RRE Ventures VeriFone Systems | |
| Series B, 9/09 VeriFone Systems Venrock RRE Ventures |
As of September 8, 2010, Semtek Innovative Solutions Corporation was acquired by VeriFone Systems, Inc. Semtek Innovative Solutions Corporation offers card reader components and interfaces. It specializes in small form-factor data capture devices in magnetic stripes, smart-cards, RFIDs, and biometrics. The company also provides hardware products, including mobile handheld card readers, insertion and swipe card readers, barcode scanners, components, and multi-modal devices. In addition, it offers Cipher Security Module, a magnetic stripe reader assembly; Hercules Module, which is designed to protect card data; Hidden Triple DES, an encryption methodology based on Triple DES encryption; HtDesLight, a software version of Hidden Triple DES; CDMS (Cipher Device Metrics Services), a real-time and empirical security monitoring system; and Warble, a real-time methodology of determining if a card is counterfeit. Semtek Innovative Solutions’ products enable handheld devices and cell phones to function as credit/debit card and data collection terminals. It serves providers of point of sale terminals, ruggedized wireless devices, points of sale system integrators, and governments. Semtek Innovative Solutions Corporation was founded in 1999 and is based in San Diego, California.
