The Mobile Security division gathers the companys expertise in
all mobile communication matters, to provide a comprehensive suite of
embedded security solutions for all mobile devices.
The offer includes IPs, hardware and software solutions, capable of addressing the growing needs for a full range of security solutions on all mobile platforms, securing M-payments, content, data communications and data storage.
In this addressable market of about $300 million in 2012 growing 25% per year on average4, INSIDE Secure is the only player able to cover the whole security architecture chain.
This new business division is headed by Simon Blake-Wilson, formerly Executive Vice-President of the recently acquired ESS business.
The Secure Transactions division unites the Groups expertise
dedicated to address high security issues for smart cards, ID,
payments but also all transactions involved in the M2M and Internet of
Things universe, an addressable market of $700 million in 2012,
expected to grow 10%per year in average5.
This new business division builds tailored solutions based on secure microcontrollers, with embedded secure firmware and associated services, and is headed by Bernard Vian, who joined INSIDE Secure in 2002 and was until now EVP for the Secure Payment division.
Both divisions are supported by common R&D, technologies,
intellectual property rights and operations platforms for better
Finally, the company has decided to globally unite the sales force under the unique supervision of Simon Blake-Wilson, who acts as Chief Sales Officer.
On the occasion of the publication of revenue for the 3rd quarter of 2013, the company will hold a conference call on October 24, 2013 at 11:00 am (Paris). Access to the call will be by dialling one of the following numbers: +33 1 70 77 09 35 (France), +44 20 33 67 94 56 (UK) or +1 866 907 59 25 (USA).The presentation will be available on our website: www.insidesecure.com. An audio webcast of the presentation and the Q&A session will be available on the INSIDE Secure website approximately three hours after the end of the presentation and will remain posted there for one year.
- Publication of full-year 2013 consolidated results: 20 February 2014 (after trading).
About INSIDE Secure
INSIDE Secure (NYSE Euronext Paris FR0010291245 INSD) provides comprehensive embedded security solutions. World-leading companies rely on INSIDE Secures mobile security and secure transaction offerings to protect critical assets including connected devices, content, services, identity and transactions. Unmatched security expertise combined with a comprehensive range of IP, semiconductors, software and associated services gives INSIDE Secure customers a single source for advanced solutions and superior investment protection. For more information, visit www.insidesecure.com.
Supplementary non-IFRS financial information
The supplementary non-IFRS financial information presented in this press release (normalised revenue) is defined within the press release. These indicators are not defined under IFRS, and do not constitute accounting elements used to measure the Group's financial performance. They should be considered in addition to, and not as a substitute for, any other operating and financial performance indicator of a strictly accounting nature, as presented in the Group's Consolidated Financial Statements and the corresponding notes. The Group uses these indicators because it believes they are useful measures of its activity. These indicators are not necessarily directly comparable to those of other companies, which may have defined or calculated their indicators differently to the Group, even though they use similar terms.
This press release contains certain forward-looking statements concerning the INSIDE Secure group. Although INSIDE Secure believes its expectations to be based on reasonable assumptions, they do not constitute guarantees of future performance. The Group's actual results may accordingly differ materially from those anticipated in these forward-looking statements owing to a number of risks and uncertainties. For a more detailed description of these risks and uncertainties, please refer to the "Risk Factors" section of the annual financial report of April 24, 2013, available on www.insidesecure.com.
1 Normalized revenue is defined as the combined revenue from
the activities of INSIDE Secure and ESS as if the acquisition of ESS had
been effective from January 1, 2012 and without taking into account the
accounting impact of the purchase price allocation.
2 High-bandwidth Digital Content Protection