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Bundesdruckerei acquires shares in Cryptovision

by Brian Sims

Bundesdruckerei is to acquire a 25.1 per cent share in Cryptovision, headquartered in Gelsenkirchen. With this move, the Berlin-based company is expanding its expertise in the field of high-efficiency encryption techniques and strengthening its market standing as a full-service provider of ID security systems. ‘Protection of personal and other confidential information plays a central role in our digital society. The security requirements placed on electronic ID solutions are increasing continuously,’ stated Ulrich Hamann, CEO of Bundesdruckerei. ‘With our investment in Cryptovision, we are expanding our range of solutions and products along the entire ID process chain.’ Cryptovision is a provider of secure electronic identity and digital information protection solutions. Founded as a spin-off of Essen University, the company specialises in modern cryptography methods and public key infrastructures for government authorities and private commercial sectors. Cryptovision was commissioned by the German Federal Office for Information Security to participate in developing the EAC (Extended Access Control) standard for electronic passports. Among its products is the ePasslet suite, a comprehensive collection of applications for sovereign electronic documents. It is used for the eID cards of Rwanda and Armenia and electronic passports of Moldova and Ecuador. The solutions offered by the two companies complement each other, as has already been demonstrated in a number of joint projects. ‘In view of our excellent cooperation in the past, we are happy to welcome Bundesdruckerei as one of our shareholders,’ stated Markus Hoffmeister, Cryptovision’s CEO. ‘Now we will be able to exploit further synergy effects in future, particularly in the field of cutting-edge eID technology.’

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