Sonae IM sells Lookwise Device Manager
Sonae IM sells Lookwise Device Manager, a software solution to protect critical devices against cybersecurity attacks
Sonae IM has reached an agreement with Auriga, a leading supplier of technological solutions for the omnichannel banking and payments industries, to sell Lookwise Device Manager (LDM), a modular security platform and a business unit of S21sec, the leading European Managed Security Services player.
This operation is aligned with Sonae IM strategy of having an increased focus of S21sec in the Managed Security Services segment, allowing the company to dedicate all resources to its growth plan and reinforcing its position as one of Europe’s and LATAM leading cybersecurity pure players.
LDM is highly regarded in the market. In 2018, LDM won the ATM Cyber Security Excellence Award at ATM Customer Experience & Security Summit. According to the independent judges, LDM won this award because it provides multi-layered protection to block the generation of logical attacks based on malware, achieving significant ubiquity, proactively preparing the ATM industry to help combat the next frontier of crime in financial services.
Seamlessly integrating LDM into Auriga’s WWS software suite will enable customers to benefit from full protection, security monitoring and control over their networks’ business critical devices, such as ATMs, point of sale terminals and critical infrastructure control systems.
Following the acquisition, Auriga will continue to invest in the research and development of LDM to enable improvements, including faster-time to market for deployment. The modularity of LDM complements Auriga’s WWS software and Auriga plans to explore how LDM can be extended to secure different critical infrastructures within an organization, including point of sale systems. S21sec will also cooperate with Auriga to offer cybersecurity consulting services to its clients.
S21Sec is a cybersecurity pure-player company leading and pioneer in Iberian with a strong presence in Latin America, with a comprehensive and innovative offering of managed services and professional services supported on its proprietary platforms.
Auriga is a leading supplier of software and technological solutions for the banking and payments industries, and a specialist provider of innovative omnichannel solutions to banks and other financial institutions. Its solutions, deployed on over 70% of Italian ATMs, are founded on modern architecture and improve time to market for new services while lowering costs and building long-term competitive advantage. Auriga is a global company delivering retail bank transformation solutions globally.
About Sonae IM
Sonae IM, the technology investment arm of Sonae, invests in cybersecurity, retail and telecommunications technology companies, counting now 33 direct investments, encompassing stakes in companies from early stage to growth stage. Visit https://sonaeim.com/