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GEMALTO Agreement To Acquire Leigh Mardon Of TaiwanInnovative Banking cards and services is a forte of Transaction Processing companies in Taiwan. It is recognized as an early adopter of most innovative solutions. Leigh Mardon is a company that supplies secure transaction products and services. It is market leader in financial card in Taiwan and Australia. Head Quartered in Melbourne, Australia it security is accredited by Visa, MasterCard, Europay, Bankcard, Diners Club and American Express. It also holds International Quality Standards Organisation (ISO) 9002 series certification.Gemalto, a leader in digital security has a pro forma 2005 annual revenues of 1.7 billion Euros. It has operations in 120 countries with a work force of 11,000 employees that includes 1,500 R&D engineers. Its business is creating and deploying secure platforms. SIM cards, e-passports, readers and tokens need more secure forms of software which also find applications in highly personal cards like smart cards. From telecommunications to IT security in banking and e-governance it is a leader. Multimedia, identity management, digital rights management, IT security and other products of Gemalto are used by over a billion people worldwide. Formed in June 2006 by the combination of Axalto Holding N.V. and Gemplus International S.A.; Gemalto wants to reinforce its position in the Asian Banking markets. The Acquisition of Leigh Mardon will further its ends by developing a local partnering approach with its customers. In the current context of EMV migration and contactless trend, Leigh Mardon Acquisition is a major step of Gemalto in enhancing the customers business and marketing differentiation. Gemalto envisions that by the end of 2008, most Taiwanese based financial cards will be converted to Europay Mastercard Visa, EMV compliant chip-based cards. Since Taiwan is a strong market place for successful innovative implementations. Gemalto has entered into the agreement to acquire the Taiwan Company, Leigh Mardon. Taiwan has been showing a strong interest for high end combined contactless and chip credit cards; the acquisition of Leigh Mardon has been at an apt time for Gemalto. |
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