Inside Secure has bought software obfuscation and encryption specialist Metaforic. The deal will provide "access to key technologies for enabling cloud-based mobile payments security with host card emulation" and is valued at US$11.6m plus a potential earn-out of up to US$4.5m.

"Metaforic brings critical technologies to address HCE-based, cloud-based mobile payment solutions," says Remy de Tonnac, Inside Secure's CEO. "It will uniquely position Inside Secure as the only company able to provide security solutions for enterprise secure access, digital entertainment and financial services markets, the three key market drivers for mobile security."