Inside Secure reclassified to Software subsector by Industry Classification Benchmark
Reflects completion of company’s strategic transformation to pure-play software and silicon IP
Aix-en-Provence, France, December 5, 2016 – Inside Secure (Euronext: INSD), at the heart of security solutions for mobile and connected devices, today announces it has been reclassified by the Industry Classification Benchmark (ICB*) from the “Semiconductors” subsector to the “Software” subsector. This change is effective December 19, 2016.
Following the divestiture of its semiconductor business in September 2016, Inside Secure’s business is now entirely generated by software and silicon intellectual property (IP) products.
Amedeo D’Angelo, president and CEO of Inside Secure, commented, “We are pleased with the ICB's decision to reclassify Inside Secure; this perfectly reflects our new positioning as a pure-play software and silicon IP company, following the completion of our recent strategic move”.
(*) Industry Classification Benchmark, owned by the FTSE, is an industry classification taxonomy used globally to divide the market of listed companies into increasingly specific categories, allowing investors to compare industry trends between well-defined subsectors.
About Inside Secure
Inside Secure (Euronext Paris – INSD) is at the heart of security solutions for mobile and connected devices, providing software, silicon IP, tools and know-how needed to protect customers’ transactions, content, applications, and communications. With its deep security expertise and experience, the company delivers products having advanced and differentiated technical capabilities that span the entire range of security requirement levels to serve the demanding markets of network security, IoT security, content & application protection, mobile payment & banking. Inside Secure’s technology protects solutions for a broad range of customers including service providers, content distributors, security system integrators, device vendors and semiconductor manufacturers. For more information, visit http://www.insidesecure.com
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