MULTOS smart card OS gets new owners and new mission
Holding company, StepNexus, readies the OS for broader application
At the close of 2005, Keycorp Ltd. united with Hitachi Ltd, MasterCard International and Oak Hill Venture Partners in a joint venture to develop the MULTOS smart card operating system (OS). Keycorp’s 18 percent stake in the new company amounts to $2.41 million. Hitachi will also take an 18 percent stake, MasterCard is set for 20 percent and Oak Hill will provide the remaining 44 percent.
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