Auriga, a provider of technological solutions for banking and payments industries, has acquired ATM cybersecurity solution Lookwise Device Manager (LDM).
LDM is a modular security platform and cybersecurity business unit of Spanish company S21sec, which is part of Sonae IM’s portfolio, a corporate venture capital firm.
As per the terms of the agreement, Auriga will integrate the LDM technology into its WWS software suite.
The integration will enable its customers to ensure better protection, security monitoring and control of ATMs, POS terminals, and infrastructure control systems.
Auriga added that it will continue investment into research and development of LDM after the acquisition.
S21sec and Auriga have also agreed to collaborate on offering cybersecurity consultancy to customers.
The deal is part of S21sec’s strategy to enhance focus in the managed security services segment.
Commenting on the deal, Auriga founder and CEO Vincenzo Fiore said: “Ever growing targeted attacks on self-service banking infrastructure are hugely disruptive and undermine trust in digital banking services.
“By making LDM an integral component of our own software portfolio we can significantly build the most effective cyber risk management and security capabilities for our clients that protect growth in digital financial services across all channels.”
S21sec CEO Agustin Munoz-Grandez said: “As an added value to this operation, S21sec and Auriga will also be collaborating to offer additional cybersecurity services to financial institutions.”