Safety science company UL has acquired Melbourne, Australia-based Witham Laboratories, a global provider of payment software and hardware security reviews.
The acquisition expands UL’s reach into the payment card security assessment field and will enable it to provide security reviews of payment terminal, software and infrastructure.
Witham’s capabilities extend into testing PIN devices, encryption processes and component circuit boards, and it is the only lab in the Asia-Pacific region to have Payment Card Industry accreditation for PIN Entry Device compliance evaluation.
UL will also be able to provide services around smart metering, mobile ticketing and mobile payments in the quickly growing Asia-Pacific card payment market, which Research & Markets estimates to be at $4.7 trillion in volume by 2016.
Terms of the deal were not disclosed.