Device Authority and Cryptosoft join forces to transform IoT security

Cryptosoft, has announced its acquisition of Device Authority Inc, a Gartner named cool vendor of the year 2015 for Identity and Access Management solutions for IoT, along with additional financing led by Tern plc and Alsop Louie Partners (ALP). The transaction closed on April 21, 2016 and after regulatory filings the new company will operate under the Device Authority name.

This strategic combination positions the company as the most advanced policy based security platform and comprehensive device-derived cryptography and device-based data security solution from a single company, which enables leading device and gateway manufacturers, IoT Service platforms, and “over the air” (OTA) solution providers to provide device-driven trust and highly scalable security for the Internet of Things.

“Both companies coming together further advances our strategy of providing customers with the most reliable, cost-effective IoT security solution, through a comprehensive portfolio of products”, said Darron Antill, CEO of Cryptosoft Ltd.

“The combined companies provide a scalable device authentication solution that can cost-effectively manage hundreds of thousands of client devices, and policy driven data centric encryption technology, that protects customer data in-transit and at-rest,” he added.14612261238746_cryptosoft-launches-v4-data-centric-security-platform (1)

This agreement follows the successful strategic partnership between the two companies, formed in October 2015, and the subsequent integration of their technologies which provide the market with a unique scalable, certificate-less, data centric approach to securing information assets at any data level within a client’s IoT ecosystem.

“I’m very excited about joining forces with the Cryptosoft team and what this represents for the security of IoT solutions,” said Talbot Harty, CEO of Device Authority Inc. “The combination of our technologies provides a highly differentiated set of advanced security capabilities and operational benefits for large-scale IoT deployment and management. What truly sets us apart here is our ability to deliver this with our unique dynamic device bound key technology while adding significant value to existing, traditional, PKI investments” said Talbot.

“With this exciting combination we expand our current product offerings and add an innovative patent portfolio of security technologies that adapt to the broad and evolving needs of the IoT marketplace”, said Albert E. Sisto, Executive Chairman. “We also strengthen our ability to serve customers by establishing one entity with a strong presence in Europe, as well as the Silicon Valley and the East Coast of the United States”, he added.

Details of the leadership team can be found on the new website: http://www.deviceauthority.com/

Comment on this article below or via Twitter: @IoTNow_ OR @jcIoTnow

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

IoT set to overtake cloud computing as primary Industry 4.0 technology, Inmarsat research reveals

Posted on: October 14, 2021

New research by Inmarsat, the provider of global mobile satellite communications, reveals that investment in the Internet of Things (IoT) is set to overtake cloud computing, next generation security, big data analytics and other digital transformation technologies in the near future.

Read more

IDTechEx looks at the setbacks and explores how to move forward

Posted on: October 14, 2021

Bill Gates backed a Belmont smart city in the Arizona desert little has happened beyond a land purchase. Authorities demand that the Colorado river’s diminishing water supply is unharmed. Arizona suffers historic water shortage. The Southwest and much of the West is suffering from an intense 22-year drought, resulting in increasingly low water levels, dry

Read more