WISeKey and DigiCert execute a letter of intent regarding the sale and purchase of the QuoVadis SSL and PKI business
Geneva – October 31, 2018 – WISeKey International Holding Ltd (SIX: WIHN) (OTCQX: WIKYY), a leading Swiss cybersecurity and IoT company, announced today that it has executed a non-binding letter of intent with DigiCert, the global leader of SSL, IoT and other PKI solutions, to acquire the QuoVadis SSL and PKI businesses. The consideration payable by DigiCert to WISeKey will be determined after further due diligence.
If the transaction closes, DigiCert intends to invest and develop the current QuoVadis brand and business to expand operations as an EU Qualified Trusted Service Provider. Existing QuoVadis customers can expect the same trusted team to provide eiDAS compliant services including qualified certificates, qualified time stamping, QWACs and signing services. DigiCert will also continue to lead and invest in privacy, including GDPR compliance and European preferred algorithms and services.
WISeKey intends to retain certain QuoVadis assets, in particular the QuoVadis Data Center and Cloud services in Bermuda and the ISTANA Platform used to secure the connected cars industry. WISeKey and DigiCert are also considering entering into a partnership to explore common opportunities in the IoT market, using their combined products to enhance mutual offerings and better serve customer needs.
DigiCert is the global leader of scalable SSL and PKI solutions for a connected world. The most innovative companies, including over 90% of the Global 2000, choose DigiCert for its expertise in identity and encryption for web servers and Internet of Things devices. DigiCert supports SSL/TLS and other digital certificates for PKI deployments at any scale through its certificate lifecycle management platform, CertCentral®. DigiCert has been recognized with dozens of awards for its enterprise-grade management platform, fast and knowledgeable customer support, and market-leading growth.
DigiCert is majority owned by the private equity firm Thoma Bravo. DigiCert recently completed the carve-out of the SSL and PKI assets from Symantec and the Verizon CA business prior to Symantec. Thoma Bravo has broad carve-out transaction experience acquiring over 10 platform companies that were carved out from other companies.
About Thoma Bravo
Thoma Bravo is a leading private equity investment firm that has been providing equity and strategic support to experienced management teams building growing companies for over 35 years. The firm pioneered the concept of “industry consolidation,” or “buy-and-build” investing for private equity, which seeks to create value through the strategic use of acquisitions to accelerate business growth. Through a series of private equity funds, Thoma Bravo currently manages approximately $20 billion of equity capital today. As seasoned software and tech-enabled services investors, they have led 60 total platform acquisitions in technology over the last 15 years as well as an additional 125 add-on acquisitions, representing approximately $49.0 billion in value. Given DigiCert’s and Thoma Bravo’s expertise in the space and experience consummating add-on transactions, we provide a high certainty of close.
WISeKey (SIX: WIHN) (OTCQX: WIKYY), is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.
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