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Secure Transactions News

ASK raises EUR 11 million

Thursday 25 September 2008

In the same round,ASK also raised EUR 1 million form CDC Innovation, an early investor in thecompany. These funds will enable ASK to increase its development, andparticularly to support the R&D department and enter such new markets as thebanking sector and the eIdentity segment.

Founded in 1997, ASK is a manufacturer of a range of RFID and contactlessproducts, including cards, tickets, readers and eCovers for electronic passportswith over 120 million products delivered in more than 50 countries. ASK isspecially involved in public transport with customers such as RATP (Paris publictransport operator), and public transport authorities in the largest cities of theUS and Asia. ASK also delivered the 14.5 million contactless tickets of 2008Beijing Olympic Games (cf. Smart Insights #07-46), and entering the bankingmarket with prepaid EMV smart cards.