Acquired by VeriFone on September 9, 2010
Funding Received
$6.7 Million in 2 Rounds from 3 Investors
San Diego, CA
Semtek Innovative Solutions develops data capture and card reader components and interfaces.
Hardware + Software

Company Details


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.

Past Team (2)


Funding Rounds (2) - $6.7M


Investors (3)

  • 7b54b0fec3ea142001b9639cc6d17267

    RRE Ventures

    Venture Capital Firm
  • Ficyggtwmdgziyl2exmj


    Venrock is a venture capital firm investing in technology and healthcare companies.
  • 8181e0386bd3bd4158c2f005f0f842f5


    VeriFone develops secure e-payment solutions and services that provide transactions and...

Offices/Locations (1)

  • Office

    12777 High Bluff Drive

    Suite 225

    San Diego, CA 92130