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Acquired byVeriFone
Price$18M
Date9/2010
TermsStock

General Information

Offices

San Diego, USA
12777 High Bluff Drive
Suite 225
San Diego, CA, 92130
USA

Funding

VENTURE FUNDING
Series A, 10/2007
Venrock
RRE Ventures
VeriFone
$6.72M
Series B, 9/2009
VeriFone
Venrock
RRE Ventures

Tags

Semtek Innovative Solutions

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.

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Sources

  1. Semtek Acquired By Verifone For $18M In Stock (fis.dowjones.com) [edit]
  2. SEC (sec.gov) [edit]
  3. VeriFone Increases Investment in Payment Card Security Company (freshnews.com) [edit]
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Last Edited 3/12/14

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