Smart card and ID security company Morpho has signed an agreement to acquire Singapore-based trusted service manager Cassis International, putting another major TSM platform into the hands of a smart card supplier, NFC Times has learned.
France-based Morpho, the fourth largest smart card vendor worldwide and believed to be the largest supplier of government ID and health cards globally, takes over a pioneering TSM in Cassis, which was founded in 2002.
UPDATE: The acquisition is expected to be announced at the end of next week. Both Morpho and Cassis declined to comment. END UPDATE.