• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Thales Details High Expectations for Gemalto-infused Business Unit in Investor Note

October 9, 2019

Biometrics News

Biometrics News: Thales Details High Expectations for Gemalto-infused Business Unit in Investor note

With its acquisition of Gemalto earlier this year, Thales has established a new “Digital Identity and Security” (DIS) business unit, and has laid out some lofty expectations for the division in a note to investors.

According to Thales, the DIS unit comprises Gemalto as well as “a number of digital businesses previously assigned to the ‘Defence & Security’ operating segment.” This group has been organized into a new, specialized business unit designed to leverage synergies between the various actors, and Thales says that in the span of just the six months since Gemalto’s integration into Thales, “several hundred specific customer opportunities have been identified”.

This is expected to lead to significant revenues, with Thales anticipating average organic sales growth in the range of four to six percent between 2020 and 2023. The DIS unit’s EBIT margin, meanwhile, is expected to be somewhere in the range of 12.5 to 13.5 percent by 2023.

“Our new ‘DIS’ global business unit is already the world leader in the fast-growing digital identity and security markets, addressing key challenges in the digital transformation of our customers’ intelligent systems,” asserted Thales Chairman and CEO Patrice Caine in the company’s note. Caine also gestured to Thales’ strong position more broadly, noting that the company is accelerating R&D investments, and asserting that its “results for both 2018 and the first half of 2019 were ahead of the dynamics needed to deliver on our 2021 targets.”

Thales first made its acquisition offer to Gemalto in March of last year, and went on to overcome numerous regulatory hurdles stemming from the enormous projected size of the merger as a global provider of digital security technologies. Having attained the needed clearances from government regulators around the world, Thales completed the acquisition earlier this year, with management already predicting a significant EBIT increase in a fiscal update in June.

Now, Thales’ new DIS unit will leverage its unique organizational expertise to focus on the key areas of digital identity and biometrics; secure IoT connectivity; and data encryption and protection. Delving into some more detailed business opportunities within these areas, Thales said in its note that DIS will target application areas including “the pooling of cybersecurity capabilities, the design of security solutions for airports, large cities and critical sites, UAV management and surveillance, and the implementation of the Internet of Things in the military domain and in rail signalling,” among others.

–

October 9, 2019 – by Alex Perala

Related News

  • IDEMIA Sharpens North America Focus with Latest Corporate ChangeIDEMIA Sharpens North America Focus with Latest Corporate Change
  • John Hynes Joins IDEMIA BoardJohn Hynes Joins IDEMIA Board
  • Frost & Sullivan Recommends a More Holistic Approach to CybersecurityFrost & Sullivan Recommends a More Holistic Approach to Cybersecurity
  • International Security Conference Celebrates a Successful ISC EastInternational Security Conference Celebrates a Successful ISC East
  • Synaptics Brings on Dean Butler as New CFOSynaptics Brings on Dean Butler as New CFO
  • Synaptics Announces New CEO: Michael HurlstonSynaptics Announces New CEO: Michael Hurlston

Filed Under: News, Stocks Tagged With: Biometric, biometrics, corporate news, data encryption, digital identity, Digital Identity and Security, digital security, DIS, Gemalto, Internet of Things, IoT, military, smart cities, Thales

Primary Sidebar

Want To Deploy Biometric Access? Download This First:

The resources in this bundle will give you the know-how to choose the right biometric access for your organization.

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Facial Recognition in Policing, COVID Screening, and Consumer Tech: Identity News Digest
  • Police Biometrics, a Data Breach, and Card-focused Partnerships – Identity News Digest
  • Catch Up: The Latest Developments in Biometric Privacy Regulations
  • Highlighting Biometric Security, NC DMV Head Pushes for Mobile Driver’s License
  • NY Attorney General Takes Aim at Madison Square Garden: Identity News Digest

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics