The Riverside Company acquired a controlling stake in Cryptomathic, an Aarhus, Denmark-based provider of high-end hardware agnostic secure server solutions.
Riverside, supported by its institutional co-investors, is partnering with the company’s founder and management team who continue to hold key management positions and a minority stake in the business. Debt and equity co-investment was provided by Arcmont and Riverside’s institutional LPs.
The amount of the deal was not disclosed.
Founded in 1986 by Dr. Peter Landrock, Executive Chairman, Cryptomathic provides high-end hardware agnostic secure server solutions to a wide range of industry sectors, including banking, government, technology manufacturing, cloud and mobile. The company sells security solutions including key management, e-signature and authentication, eID, mobile app security and EMV to a global customer base primarily in banking and other financial services sectors.
Cryptomathic holds over 30 patents.