Munich-based security technology group Giesecke+Devrient (G+D) announced its investment in Netcetera, a Swiss software company that provides secure digital payments.

With this partnership, the two companies aim to use synergies in their portfolio to further strengthen their innovation and tap into the international growth potential.

Netcetera and G+D entered the strategic partnership in August 2020, where G+D will become a shareholder with its investment.

Details of the funding had not been disclosed and is subject to approval by the antitrust authorities. The funds are said to be used to accelerate Netcetera’s business growth and global expansion.

In addition, the Munich group expands its portfolio of solutions by deploying Netcetera’s software tools to secure transactions. By joining forces, both companies want to serve the growing demand for digital security together.

Ralf Wintergerst, Group CEO at G+D said,

“Netcetera looks back on an impressive business development. We see many connecting factors in our respective portfolios. Therefore, we are convinced that both companies will benefit greatly from this involvement. Together with Netcetera we want to enhance our portfolio with supplemental innovative software products for digital payment.”

Mike Franz, founder and member of Netcetera’s Board of Directors, added,

“As a founding member I am very pleased to have been involved in Netcetera’s positive development for over 24 years. The partnership with G+D is another milestone in this success story.”

Featured image: (Left) Andrej Vckovski President of the Board of Directors at Netcetera , (Right) Ralf Wintergerst, Group CEO at G+D