Utimaco

Last updated
Utimaco
Company typePrivate
IndustryCybersecurity, Compliance Solutions
Founded1983
Key people
  • Stefan Auerbach (CEO)
  • Martin Stamm (CFO)
  • Håcan Tiwemark (COO)
  • Cindy Provin (CSO)
  • Stefan Zeichner (Senior Vice President Utimaco TS GmbH)
Number of employees
500+ (2024)
Parent SGT Capital Group
Website Official website

Utimaco is a company active in the sector of cybersecurity and compliance solutions, with headquarters in Aachen, Germany, and Campbell, California, USA. Founded in 1983, the company provides on-premises and cloud-based hardware security modules, key management, data protection as well as data intelligence solutions for regulated critical infrastructures and Public Warning Systems.

Contents

Products and services

Utimaco's product portfolio includes:

History

Early years

In mid-1983, Horst Görtz acquired the computer centre company Utilisation des Machines Comptables, and renamed it uti-maco software GmbH (an abbreviation of the original name). [1] [2]

In 1990, the company moved from Frankfurt to Oberursel. [3] One year later, Utimaco established its first subsidiary in the USA. [1] In 1994, the company merged with the Austrian Safeware Ges.mbH in Linz [4] and subsequently changed from a private company (GmbH) to a joint-stock corporation, the Utimaco Safeware AG. [5]

Later that year, Utimaco took over the Dutch distributor D&R, which had been Utimaco's sales partner since 1988, and continued after the acquisition as a wholly owned subsidiary under the name Utimaco Safeware BV. [6] Until 1998, further subsidiaries were founded in Austria and Belgium, [7] France, Switzerland, United Kingdom, Norway, [8] as well as in Sweden and Finland, [9] and the US company Mergent International was acquired. [10]

IPO and acquisition through Sophos

Utimaco made its IPO in February 1999 as Utimaco Safeware AG at Neuer Markt, a segment of Deutsche Börse. [2] Later that year, Utimaco took over the operating business of Kryptokom GmbH in Aachen. [11]

In 2000, Utimaco introduced a card reader for online payments. [12] In the same year, ACG and Utimaco founded the joint venture Omnikey AG. [13] By 2000, the company's SafeGuard Easy software was used by companies and authorities like the Federal Bureau of Investigation (FBI), Deutsche Post AG and the Canada Customs and Revenue Agency, amongst others. [3]

In 2001, Utimaco entered a partnership with Precise Biometrics, a European company in the field of biometrics. [14] In 2002, the company was restructured. The business units Personal Device Security (PDS), Digital Transaction Security (DTS) and the system house for customer-specific security services — the core of former Kryptokom — were retained. The two business units Network Security and Security Modules were discontinued. [15]

In 2008, Sophos announced to take over Utimaco through a voluntary public tender offering. [16] By 2009, Sophos had acquired 92% of Utimaco's shares and subsequently established a profit and loss transfer and domination agreement. [17] [18] In 2012, Sophos conducted squeeze-out proceedings against the minority shareholders of Utimaco and delisted the company from the stock market. [18] In the same year, the annual general meeting amended the Articles of Association and transferred the registered headquarters from Oberursel to Aachen. [19]

New owners and restructuring

In 2013, Sophos sold Utimaco to management and financial investors Pinova Capital GmbH (Munich) and BIP Capital Partners (Luxembourg), [20] and since January 2017, the investment company EQT Partners has become an additional shareholder. [21]

In 2014, Utimaco Safeware AG was dissolved, [19] and in 2016, Utimaco Management GmbH was founded. [22] Two years later, Utimaco acquired the US company Atalla and its product lines from Micro Focus International. [23]

In February 2020, Utimaco announced the acquisition of Geobridge (Virginia, USA). In December 2020, Utimaco acquired UK-based MYHSM, a global provider of payment hardware security modules. In April 2021, Utimaco acquired exceet Secure Solutions GmbH, a provider of secure services for IT security and the Internet of Things (IoT). [24] Furthermore, in May 2021, Utimaco acquired all shares in Realia Technologies, S.L. (Realsec), Madrid, Spain — a provider of hardware security modules — and the corresponding subsidiaries. [25]

In August 2021, Utimaco was acquired by SGT Capital [26] and finalised in early May 2022, after receiving all necessary clearances. Soon after, Utimaco acquired Celltick, a provider of public-warning and mass notification systems. [27] In April 2023, Utimaco acquired conpal GmbH, a provider of IT security systems for protection of private data and authentication. [28]

Corporate structure

Since 2022, SGT Capital is the majority shareholder of the group and is complemented by the minority stake of Utimaco management, employees and EQT; alongside Bain Capital Credit and Tyrus Capital, as well as other institutional investors including Capital Dynamics, Commonfund, Flandrin Capital, University of Wisconsin Foundation, and UBS Global Wealth Management. [27]

Utimaco Verwaltungs GmbH is the group's mother company, which holds liability for Utimaco Management GmbH. [29] Utimaco Management GmbH is responsible for the operating business of the group, with all its subsidiaries. [30] It is led by Stefan Auerbach (2019), Martin Stamm (2020), Hacan Tiwemark (2022) and Cindy Provin (2024). [22]

Revenue (in million EUR)
2017/182018/192019/202020/212021/22
34.844.466.183.2100.4

Source: Bundesanzeiger, Unternehmensregister [31] [25] [32]

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References

  1. 1 2 "Uti-Maco Software GmbH / Mit Datenschutz-Programmen rund um den Globus" [Uti-Maco Software GmbH / Around the globe with data protection programs.]. Handelsblatt (in German). 1992-06-12. p. 19. Retrieved 2023-03-14.
  2. 1 2 "Utimaco erhält mehr Kapital" [Utimaco receives more capital]. Frankfurter Allgemeine Zeitung (in German). 2003-09-09. p. 24. Retrieved 2023-03-14.
  3. 1 2 Pfeifer, Petra (2003-12-27). "Utimaco sorgt auch beim FBI für Datensicherheit" [Utimaco also ensures data security at the FBI]. Frankfurter Neue Presse (in German). p. 16.
  4. ↑ "Schnelles Wachstum mit Datensicherheit" [Rapid growth with data security]. Frankfurter Allgemeine Zeitung (in German). 1995-09-04. p. 18. Retrieved 2023-03-14.
  5. ↑ "Handelsregister-Bekanntmachung HRB 5302 - 28. 11. 1994: Utimaco Safeware AG" [Trade Register Notice]. Bundesanzeiger (in German). 1995-01-04.
  6. ↑ "Bill Gates zum Verbot des Paketverkaufs" [Bill Gates on the ban of package sales]. Computerwoche (in German). 1998-02-13. p. 43.
  7. ↑ "Electronic Banking für Belgien" [Electronic Banking for Belgien]. Frankfurter Allgemeine Zeitung (in German). 1996-03-28. p. 21.
  8. ↑ "Die Utimaco-Aktie kommt an den Neuen Markt" [Utimaco share goes public on the Neuer Markt]. Frankfurter Allgemeine Zeitung (in German). 1997-09-01. p. 26. Retrieved 2023-03-14.
  9. ↑ "Utimaco plant Ausbau des Auslandsgeschäfts" [Utimaco plans to expand its foreign business]. Frankfurter Allgemeine Zeitung (in German). 1999-09-22. Retrieved 2023-03-14.
  10. ↑ Kamp, Matthias (1996-04-14). "Wie Missionare" [Like missionaries]. WirtschaftsWoche (in German). p. 154. Retrieved 2023-03-14.
  11. ↑ "Utimaco kauft Kryptokom" [Utimaco purchases Kryptokom]. Frankfurter Allgemeine Zeitung (in German). 1999-07-24. p. 16.
  12. ↑ "Geldkarte im Internet" [Cash card on the internet]. c't (in German). 2000. p. 44.
  13. ↑ "Joint Venture von / ACG und Utimaco" [Joint Venture of / ACG and Utimaco]. Frankfurter Neue Presse (in German). 2000-04-28.
  14. ↑ "Smartcards mit Fingerabdruck kombiniert: Abgekartete Sachen" [Smartcards combined with fingerprint: Ticked off stuff]. Computerwoche (in German). 2001-02-23.
  15. ↑ Ihlenfeld, Jens (2002-01-31). "Utimaco stößt verlustbringende Geschäftsbereiche ab" [Utimaco sells off loss-making business units]. www.golem.de. Golem.de. Retrieved 2022-09-09.
  16. ↑ "Sophos will deutsche Utimaco übernehmen" [Sophos wants to take over German Utimaco]. archiv.handelsblatt.com. Handelsblatt. 2008-07-29. Retrieved 2022-09-09.
  17. ↑ "Führungswechsel bei Utimaco" [Change of management at Utimaco]. Börsen-Zeitung (in German). 2009-02-11. Retrieved 2022-09-09.
  18. 1 2 "Oberlandesgericht Frankfurt am Main: Beschluss vom 26.01.2015 21 W 26/13" [Frankfurt am Main Higher Regional Court: Order dated January 26, 2015 21 W 26/13](PDF). 2015-01-26. Retrieved 2022-09-07.
  19. 1 2 "Handelsregisterauszug von Utimaco Safeware AG aus Aachen (HRB 17938)" [Commercial register excerpt of Utimaco Safeware AG from Aachen (HRB 17938)]. Handelsregister . 2014-04-28. Retrieved 2022-09-09.
  20. ↑ "Utimaco erneut verkauft" [Utimaco sold again]. Börsen-Zeitung (in German). 2013-10-18. Retrieved 2022-09-09.
  21. ↑ "Utimaco schon wieder verkauft" [Utimaco yet another time sold again]. Börsen-Zeitung (in German). 2016-11-15. Retrieved 2022-09-09.
  22. 1 2 "Firmenauskunft zu Utimaco Management GmbH, Aachen" [Business Information on Utimaco Management GmbH, Aachen] (in German). Northdata. Retrieved 8 September 2022.
  23. ↑ "Kurz notiert" [Quickly noted]. Aachener Zeitung (in German). 2018-05-25. p. 7.
  24. ↑ Wiltscheck, Ronald (2021-05-04). "Akquisition eines weiteren Verschlüsselungsspezialisten" [Acquisition of another encryption specialist]. ChannelPartner (in German). Retrieved 2022-09-09.
  25. 1 2 Utimaco Management GmbH Konzernabschluss zum Geschäftsjahr vom 01.04.2020 bis zum 31.03.2021 [Utimaco Management GmbH Consolidated Financial Statements for the Fiscal Year from April 1, 2020 to March 31, 2021] (in German), published in Bundesanzeiger on 12 May 2022.
  26. ↑ Johann, Bernd (2021). "Geplante Profitabilität" [Planned profitability](PDF). Focus Money (in German). p. 37.
  27. 1 2 "SGT Capital completes the acquisition of Utimaco, a leading provider of Cybersecurity and Compliance Solutions". Yahoo! Finance . 2022-06-01. Retrieved 2022-09-12.
  28. ↑ "Utimaco adquiere Conpal, especialista alemán en protección de datos". Interempresas (in Spanish). 2023-04-14. Retrieved 2024-08-16.
  29. ↑ "Jahresabschluss zum Geschäftsjahr vom 01.04.2020 bis zum 31.03.2021: Utimaco Verwaltungs GmbH" [Annual financial statements for the financial year from 01.04.2020 to 31.03.2021: Utimaco Verwaltungs GmbH]. Bundesanzeiger (in German). 2022-06-07.
  30. ↑ "§§ 264 Abs. 3, 264b HGB zum Geschäftsjahr vom 01.04.2020 bis zum 31.03.2021: Utimaco Management GmbH (Aachen)" [§§ Sections 264 (3), 264b HGB for the fiscal year from April 1, 2020 to March 31, 2021: Utimaco Management GmbH (Aachen)]. Bundesanzeiger (in German). 2022-05-19.
  31. ↑ "Konzernabschluss zum Geschäftsjahr vom 01.04.2018 bis zum 31.03.2019: Utimaco Management GmbH" [Consolidated financial statements for the financial year from 01.04.2018 to 31.03.2019: Utimaco Management GmbH]. Bundesanzeiger (in German). 2020-02-19.
  32. ↑ "Konzernabschluss zum Geschäftsjahr vom 01.04.2021 bis zum 31.03.2022: Utimaco Management GmbH" [Consolidated financial statements for the financial year from 01.04.2021 to 31.03.2022: Utimaco Management GmbH]. Unternehmensregister (in German). 2020-02-19.
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