Merger will help security vendor push deeper into managed services

Two factor authentication vendor Cryptocard is to merge with managed security services firm WhiteHat UK.

According to Cryptocard, the new company, which will trade under the Cryptocard brand in 70 countries, will help end-users eliminate the growing problem of static passwords and will push the firm further into the managed security services space. No financial details of the merger have been released.

Malcolm MacTaggart, chief executive of Cryptocard said: “We have developed a unique technology and product set over the last 15 years that has won numerous awards and we are delighted to now be able to offer a managed service based on this technology.”

Jason Hart, chief executive of WhiteHat said: “Many companies are paralysed by the complexity of IT security and the myriad of solutions being marketed today. We offer a simple solution that allows companies to do something now to massively reduce their risk and cut costs, but which also forms the foundations of a wider identity management and regulatory compliance strategy.”