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Gemalto: Gemalto acquires two payment card personalization bureaus for the US market

Amsterdam, May 13, 2014 -
Gemalto (Euronext NL0000400653 - GTO), the world leader in digital security,
today announced that it has acquired Shoreline and Source One Direct, two
personalization bureaus in the United States which were previously part of
Cardiff Holdings. Located in North Kingstown, Rhode Island and in Atlanta,
Georgia, both activities provide secure personalization services for payment
cards addressing credit and debit card issuers in the United States.

The US is moving towards an October, 2015 liability shift which mandates EMV
chip technology to replace the older magnetic stripe cards. Last year alone
there were over 1.6 billion EMV cards in use across the globe and many
issuers in the US are now accelerating their own migration in light of the
recent security breaches that have occurred with major retailers.

Commenting on the transaction, Oliver Piou, Gemalto Chief Executive Officer
noted: "The US market is rapidly moving to EMV, and this is another step in
our ongoing investments to have the best mix of products and services to
support our customers. This move reinforces our ability to deliver advanced
personalization services to card issuers in the United States and complements
our unique expertise in EMV acquired through the unrivalled number of such
migrations we have deployed around the world. Adding these two companies to
the Gemalto family will benefit US banks and credit unions of all sizes as
they migrate their card portfolios to more secure smart card technology,
which has proven to mitigate fraud in all regions of the world."

Wright Ohrstrom, Chairman of the Board of Cardiff Holdings, added "Serving
their collective customers for over 45 years, Shoreline and Source One Direct
are leading personalization bureaus in the US. As part of Gemalto, the teams
will combine their deep knowledge of the US market with Gemalto's global
footprint and technological leadership just at the right time as the region
implements EMV chip&pin technology as the standard for card security."

Terms of the transaction were not disclosed.

|Investor Relations Corporate Communication Media Relations Agency |
|Gabriel Rangoni Isabelle Marand Suzanne Bakker |
|M.: +33 6 1426 6956 M.: +33 6 1489 1817 M. : +31 6 1136 8659 |
|gabriel.rangoni@gemalto.com isabelle.marand@gemalto.com suzanne.bakker@citigateff.nl |
|John Lineberger Edi Cohen |
|M.:+33 6 1243 6304 M. : +31 6 2151 7820 |
|john.lineberger@gemalto.com edi.cohen@citigateff.nl |

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security
with 2013 annual revenues of €2.4 billion and more than 12,000 employees
operating out of 85 offices and 25 research and software development centers,
located in 44 countries.
We are at the heart of the rapidly evolving digital society. Billions of
people worldwide increasingly want the freedom to communicate, travel, shop,
bank, entertain and work - anytime, everywhere - in ways that are enjoyable
and safe. Gemalto delivers on their expanding needs for personal mobile
services, payment security, authenticated cloud access, identity and privacy
protection, eHealthcare and eGovernment efficiency, convenient ticketing and
dependable machine-to-machine (M2M) applications. We develop secure embedded
software and secure products which we design and personalize. Our platforms
and services manage these products, the confidential data they contain and
the trusted end-user services made possible.
Our innovations enable our clients to offer trusted and convenient digital
services to billions of individuals. Gemalto thrives with the growing number
of people using its solutions to interact with the digital and wireless

For more information visit
www.gemalto.com,www.justaskgemalto.com,blog.gemalto.com, or follow @gemalto on

Press release (PDF)


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gemalto via Globenewswire


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