Schlumberger Signs Definitive Agreement to Acquire Bull CP8, a Leading Smart Card Technology Provider.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 9, 2001 Schlumberger Limited (NYSE NYSE See: New York Stock Exchange :SLB SLB Solomon Islands (ISO Country code) SLB Schlumberger Ltd. (oil field services firm) SLB Server Load Balancing SLB Sport Lisboa e Benfica (soccer) ) announced today that its Test & Transactions business segment has signed a definitive agreement to acquire Bull CP8, a subsidiary of Groupe Bull Groupe Bull (also known as Bull Computer or simply Bull) is a French computer company based in Les Clayes-sous-Bois, outside Paris. The company has also been known at various times as Bull General Electric, Honeywell Bull, CII Honeywell Bull , based in Louveciennes, France, for approximately $325 million. Bull CP8 is a leading provider of highly secured microprocessor-based cards and associated applications systems for the banking, mobile communications and network security industries. The scope of the transaction comprises Bull CP8 and its operating subsidiaries (Mexico, Netherlands, Sweden, United Kingdom, and the US) as well as its equity interest in several subsidiaries including Cardsoft, Cyber-COMM, SPOM SPOM Schizosaccharomyces Pombe , Trusted Logic and Xiring. This acquisition will provide Schlumberger with complementary R&D and smart card technology capabilities, especially in the banking segment where Bull CP8 holds a worldwide position. "The acquisition of Bull CP8 will expand the Schlumberger portfolio of advanced smart card and security solutions, extending their offering through our global solutions team," said Irwin Pfister, executive vice president Schlumberger Test & Transactions. "Schlumberger will gain further time-to-market advantage in new-generation mobile telecommunications smart card applications and reinforce its presence in the banking and network security segments. Bull CP8's highly qualified people, innovative technological culture and international network of partners will contribute to further accelerate our growth. Smart card customers will benefit from a wider range of products and applications and an expanded support organization." David Levy David Levy may refer to:
Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. in 2000. Private, convenient and secure identification of the subscriber is key to the internet and mobile communication service providers. Schlumberger and Bull CP8 together will be the leading provider of software for personal chips. They are the ultimate identification tool and are fundamental to personal privacy." About Schlumberger Schlumberger Limited is a global leader in technical services spanning the oil and gas, utility, semiconductor testing, smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , network and Internet solutions industries. Schlumberger revenue was $9.61 billion in 2000. Additional information is available from Realtime (www.slb.com), the Schlumberger corporate website. Schlumberger Test & Transactions provides consulting, systems integration and products for smart card-based transactions, IP (Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. ) network security and wireless services, and testing and measurement of semiconductor devices. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion