Authentication & Security

Metaforic Acquired by Inside Secure to Enable Mobile Payments via HCE

On 7th April 2014, Inside Secure announced that it had acquired Metaforic – a leader in the development of software obfuscation technologies and encryption related security software for a variety of industries, which includes the mobile payment and mobile banking markets. Inside Secure is a leader in embedded security solutions for mobile and connected devices.

Headquartered in Scotland with operations in Silicon Valley, Metaforic technologies are vital to securing Host Card Emulation (HCE)-based mobile payments, mobile wallets and mobile banking applications. This transaction has been approved unanimously by the supervisory board of Inside Secure.

Some key points of the collaboration:

  • Metaforic complements existing INSIDE Secure enterprise secure access and content protection solutions by adding mobile payments.
  • It uniquely positions INSIDE Secure as the only company able to provide security solutions for enterprise secure access, digital entertainment as well as financial services markets – according to the company.
  • Metaforic extends INSIDE Secure’s lead in providing the most comprehensive system solution offering in the security industry from secure software solutions to alternative secure element-based hardware and IP.
  • Metaforic also brings an extensive, high quality security intellectual property and technology portfolio.
  • With this partnership, Metaforic seeks to expand INSIDE Secure’s customer base in the mobile and payment industries. 

"The Metaforic acquisition is superbly aligned with INSIDE Secure’s strategy. Metaforic brings critical technologies to address HCE-based, cloud-based mobile payment solutions which will become mainstream following support announced by major payment brands,” said Inside Secure CEO, Rémy de Tonnac. “It will uniquely position INSIDE Secure as the only company able to provide security solutions for enterprise secure access, digital entertainment and financial services markets, the three key market drivers for mobile security,” he added.

"We are delighted to join INSIDE Secure and bring our key software obfuscation and encryption-related security software, in order to accelerate our jointly held vision to secure all aspects of mobile life,” said Metaforic CEO, Andrew McLennan. “The tight integration of Metaforic’s technology within INSIDE Secure’s offering will bring to the market the world’s most comprehensive, mobile security system solution.”

INSIDE Secure provides comprehensive embedded security solutions. A number of leading companies rely on INSIDE Secure’s mobile security and secure transaction offerings to protect critical assets including content, connected devices, services, transactions and identity. It offers unmatched security expertise combined with a comprehensive range of IP, semiconductors, software and associated services gives INSIDE Secure users a single source for advanced solutions and superior investment protection.

Chiraag Patel

Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading& Blogging with focus on New Innovation, Technology & Startups in the Payments Space.

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