Utimaco, a leading global provider of IT security solutions, announced that it has signed a Share Purchase Agreement with REALSEC, the Spanish IT security company, and Hardware Security Module (HSM) provider. The closing of the acquisition is expected in July.
REALSEC is highly regarded by its customers for its competence in HSM and specializes in the development of encryption, digital signature, PKI, and cybersecurity for blockchain & IoT solutions. As part of the Utimaco group, REALSEC will add its experience in the fields of cryptography, compliance, and regulations as well as key management and HSM. With its headquarters in Madrid, Spain, and strong regional presence in Latin America, REALSEC will complement Utimaco’s global presence, especially in the Spanish-speaking world. Customers
of both companies worldwide will benefit from a broad solution portfolio that meets the highest quality and certification standards in IT security.
“Both companies have known each other for a long time, and we have been impressed not only by the deep expertise and engagement of the REALSEC team, but also the strong commitment to care for its high-profile customers. Utimaco is pleased to expand significantly the presence in the Spanish-speaking markets with this step.” said Stefan Auerbach, CEO at Utimaco.
“We all at Realsec are pleased to become part of the Utimaco group, one of the main actors in the cybersecurity space. We will for sure build a strong and robust alliance based on the strong expertise of both companies. Our mutual knowledge and cultural proximity within the cybersecurity industry, as well as our quality and customer-oriented business strategy affinity, foresee a magnificent joint future that will benefit our customers”, said Jesus Rodriguez, CEO at RealSec.