ID technology provider Morpho, part of the Safran group, has acquired trusted service management (TSM) specialist Cassis International.
Cassis was one of the earliest entrants into the NFC TSM market and is headquartered in Singapore with subsidiaries in Malaysia, France, South Korea and the US. The company has 82 employees.
The acquisition, says Morpho, will enable the company to offer mobile network operators, banks, transit operators and governments a full architecture for secure NFC solutions and services.
“The combination of our complementary portfolios will position us to provide customers with comprehensive secure solutions in this fast-growing market, which is expected to reach several hundred million euros over the next five years,” says Philippe d’Andréa, EVP of Morpho’s e-documents division.
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