10 Gigabit Ethernet MAC with IEEE 1588 PTP Support and AVB for Auto
INSIDE Secure closes agreement with Intel on new NFC technology and IP license
Aix-en-Provence, France, June 16, 2014 – INSIDE Secure (NYSE Euronext: INSD), a leader in embedded security solutions for mobile and connected devices, today announces it has completed the agreement with Intel Corporation previously announced on April 1.
Under the terms of the concluded agreement, INSIDE Secure has:
- Extended the pre-existing worldwide perpetual license it had with Intel into a broad, royalty-free and fully paid-up license, with INSIDE Secure retaining ownership of most of the related IP assets and rights
- Transferred to Intel its MicroRead-v5 next-generation NFC hardware and software modem technology currently under development, togetherwith certain related tangible and intangible assets, including certain IP assets
At closing INSIDE Secure received USD 19.2 million in cash from Intel.
In the context of the transaction, certain INSIDE Secure employees, based in France and California, have joined Intel.
This transaction is fully in line with INSIDE Secure’s strategy to focus on embedded security solutions for mobile and connected devices as well as leverage and monetize its NFC technology and intellectual property rights.
About INSIDE Secure
INSIDE Secure (NYSE Euronext Paris FR0010291245 – INSD) provides comprehensive embedded security solutions. World-leading companies rely on INSIDE Secure’s 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 http://www.insidesecure.com
|
Related News
- INSIDE Secure to sign a new NFC technology and IP license agreement with Intel
- INSIDE Secure and Gemalto sign a new Single Wire Protocol (SWP) license agreement
- Verimatrix signs a binding agreement to sell its Silicon IP business unit to Rambus
- Verimatrix Enters into Exclusivity Agreement to Sell its Silicon IP Business Unit to Rambus
- Inside Secure Enters into an Exclusive Agreement to Acquire Verimatrix, Inc. Creating a Software-based Security Powerhouse
Breaking News
- PLDA Announces XpressLINK-SOC CXL Controller IP with Support for the AMBA CXS Issue B Protocol
- TSMC Boosts Capital Expenditure Budget on Strong Outlook
- DCD With EBBM in USA & Greece
- Intel Appoints Tech Industry Leader Pat Gelsinger as New CEO
- Gartner Says Worldwide Semiconductor Revenue Grew 7.3% in 2020
Most Popular
- Gartner Says Worldwide Semiconductor Revenue Grew 7.3% in 2020
- TSMC to Kick off Mass Production of Intel CPUs in 2H21 as Intel Shifts its CPU Manufacturing Strategies, Says TrendForce
- Value of Semiconductor Industry M&A Agreements Sets Record in 2020
- Qualcomm to Acquire NUVIA
- BeagleBoard.org and Seeed Introduce the First Affordable RISC-V Board Designed to Run Linux
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |