The Industry Classification Benchmark (“ICB”) recently changed its classification for Gemalto from the “Industrials – Electronic equipment” sector to the “Technology – Software” sector. This change took effect on March 18, 2013.
The Industry Classification Benchmark (ICB) is a global reference system categorizing over 70,000 companies and 75,000 securities worldwide, enabling the comparison of companies across four levels of classification and national boundaries. The ICB system is supported by a data source for global sector analysis, which is maintained by FTSE International Limited.
This reclassification reflects the value Gemalto brings to customers in close to 200 countries. The company develops the secure software that runs on trusted devices, and manages these devices, the confidential data they contain and the services they make possible, throughout their life cycle. It also sells and services secure service-hosting software platforms for its customers. Gemalto embedded software and products, platforms and services provide strong authentication, protect transactions, and manage identities and credentials to bring the trust to digital interactions in an increasingly connected world.
Olivier Piou, CEO of Gemalto commented: “We appreciate and welcome ICB’s choice to reclassify Gemalto to the Technology – Software category. It evidences our company transformation and expertise. We are positioned at the heart of the digital and wireless worlds, enabling our clients to offer trusted and convenient digital services to billions of individuals.”