The company raises a new round led the Westly Group and New Enterprise Associates. Company press release. FLG partner: Vince McCord.
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Giesecke+Devrient acquires XTec
Giesecke+Devrient acquires XTec marking strategic expansion in the U.S. public sector identity and security market MUNICH and MIAMI, March 03, 2026 (Globe Newswire) – SecurityTech company Giesecke+Devrient (G+D) has taken a decisive step in its international growth strategy with the acquisition of XTec Incorporated, a U.S.-based leader in secure authentication…Read More
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Testimonials
“As a condition to closing our US venture round led by Sequoia Capital, we needed to complete a complex corporate restructuring to flip our foreign domiciled company to become a US based HQ (we had been operating as a South African based entity for several years). We needed a CFO to lead that project, hire and train global finance, legal and HR teams, and help us to expand our multinational footprint.
I hired Mary Korn for her breadth of experience and her ability to work across time zones to remotely manage a team around the globe. Working closely with legal and SA regulators, she completed the restructuring, implemented a sustainable budget program, hired and coached an outstanding team for our G&A organization, and raised a round of capital to support our expansion across sub-Saharan Africa. Our growing business needed horsepower in the team and the addition of Mary was a boost for us. Mary was also one of the best mentor’s we ever had in the company and not only did she build a great team around her she invested in mentoring me personally.”
Pieter de Villiers, CEO and Co-Founder, ClickatellRead More