Utimaco

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Utimaco is a German technology company based in Aachen. In 1983, Horst Görtz acquired the computer centre company Utilisation des Machines Comptables, and renamed it uti-maco software GmbH (an abbreviation of the original name). In 1990, Utimaco moved from Frankfurt to Oberursel. One year later, Utimaco established its first subsidiary in the USA. In 1994, the company merged with the Austrian Safeware Ges.mbH in Linz and subsequently changed from a private company (GmbH) to a joint-stock corporation, the Utimaco Safeware AG. Later that year, Utimaco took over the Dutch distributor D&R, which had been Utimaco's sales partner since 1988, and continued after the acquisition as a wholly owned subsidiary under the name Utimaco Safeware BV. Until 1998, further subsidiaries were founded in Austria and Belgium, France, Switzerland, United Kingdom, Norway, as well as in Sweden and Finland, and the US company Mergent International was acquired. Utimaco made its IPO in February 1999 as Utimaco Safeware AG at Neuer Markt, a segment of Deutsche Börse. Later that year, Utimaco took over the operating business of Kryptokom GmbH in Aachen. In 2000, Utimaco introduced a card reader for online payments.