Utimaco to strengthen portfolio in Cloud and SaaS by acquiring MYHSM

MYHSM’s cloud and service expertise will boost Utimaco’s existing Cloud offering, providing customers with a compelling state-of-the-art solution, delivering flexibility and reduced cost without compromising on security.

Aachen, Germany and London, UK, January 11, 2021 – Utimaco, a leading global provider of IT security solutions, announced that it has acquired MYHSM, the leading provider of Payment HSM as a Service. This acquisition will fast-forward Utimaco’s Cloud and as-a-Service offering, especially for but not limited to the Retail, Banking and Financial Services industry, and reduce customers’ need for investment in hardware, secure facilities, management, and ongoing PCI compliance, audit and support. MYHSM’s employees and customers will be integrated into Utimaco’s Information Security business.

“The increased speed of digitization in 2020 increases the need for organizations to define their cloud strategy and make use of the flexibility as well as the potential for cost reduction that an as-a-Service model can offer. This does include security solutions, and we want to provide our customers with the high standard of HSMs they know from Utimaco in whichever form they need them, be it on premise or in the cloud.” said Stefan Auerbach, Chief Executive Officer of Utimaco. “By acquiring MYHSM, we are taking yet another important next step in complementing Utimaco’s product portfolio by a stronger solution offering in a meaningful way in order to be able to offer customers a cloud-based security solution.”

“2020 has been a momentous year for MYHSM with many achievements.“ said John Cragg, Chief Executive Officer of MYHSM. “We believe that being part of the Utimaco team and combining our respective offerings will benefit our customers and makes us ideally positioned for growth in 2021.”

“With the addition of MYHSM into Utimaco’s u.Cloud suite of services, Utimaco continues to facilitate the path for cloudifying cryptographic keys in a secure and compliant manner. Customers now have a path to move away from legacy on-premise HSM’s to the hybrid and public cloud” said Eyal Worthalter, Vice President Platform Solutions at Utimaco.

About UTIMACO

UTIMACO is a global platform provider of trusted Cybersecurity and Compliance solutions and services with headquarters in Aachen (Germany) and Campbell, CA (USA). UTIMACO develops on-premises and cloud-based hardware security modules, solutions for key management, data protection and identity management as well as data intelligence solutions for regulated critical infrastructures and Public Warning Systems. UTIMACO is one of the world's leading manufacturers in its key market segments. 

500+ employees around the globe create innovative solutions and services to protect data, identities and communication networks with responsibility for global customers and citizens. Customers and partners in many different industries value the reliability and long-term investment security of UTIMACO’s high-security products and solutions.

 

About MYHSM

MYHSM, is the first global provider of Payment Hardware Security Modules (HSM) as a Service, delivering a secure, versatile, and scalable hosted payment solution in the cloud. MYHSM’s suite of fully managed, PCI PIN certified services alleviates the need for investment in hardware, secure facilities, management, and ongoing PCI compliance, audit and support. For more information visit: www.myhsm.com

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