Applied Systems Institute Inc., a leading U.S. systems integrator specializing in smart card systems, has been acquired by De La Rue, the British currency printer and terminal maker.

Applied Systems Institute will be part of the De La Rue Transaction Systems Division.

With 10 years of industry experience, Applied Systems is a developer of smart card-based systems and provides technology, consulting services and other smart card products.

Clients include United States and foreign financial institutions, the U.S. military and government agencies, and smart card industry vendors.

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