DigiCert, the provider of TLS/SSL, IoT and other PKI solutions, and backed by Clearlake Capital Group, Crosspoint Capital and TA Associates, announced that it has acquired Internet of Things (IoT) cybersecurity provider Mocana.
The combination of DigiCert and Mocana technologies provides manufacturers and IoT operators with a comprehensive platform to manage security throughout the full lifecycle of IoT devices. Terms of the transaction were not disclosed.
The acquisition strategically accelerates DigiCert’s presence in the growing IoT market, the company says.
IDC estimates there will be more than 55 billion connected devices by 2025, with growth fueled by organizational investment in IoT platforms to achieve operational efficiency, digital transformation, and competitive differentiation.
DigiCert CEO John Merrill said, “IoT security has been a challenge for device manufacturers and operators. With the addition of Mocana, DigiCert builds on its vision of digital trust, a growing necessity in the IoT market as smart devices become ubiquitous in every corner of our personal and professional lives. »
Merrill said, “We are excited to introduce our integrated platform to our new and existing customers and welcome the addition of Mocana’s expertise in IoT technology and the industrial and manufacturing sectors to the team. DigiCert. »
ABB’s Senior Director of Program Management, James Kline, says, “We have had a strategic partnership with Mocana for years and really appreciate their contribution to our product portfolio. We are delighted with DigiCert’s support as a global leader in IoT security.
According to the company, the combination of DigiCert and Mocana gives customers a way to manage device identity, secure logins, prevent device tampering, and update firmware and settings. remotely and safely once in the field.
This end-to-end platform is designed to reduce security vulnerabilities and enable the digital transformation enabled by the convergence of information technology (IT) and operational technology (OT).
Mocana CTO Srinivas Kumar said, “Mocana is delighted to join the DigiCert team.
“Together, our solutions uniquely solve IoT security challenges, from integrating security protections on-chip or during device manufacture to secure on-device communications and firmware updates a times in the field.”
DigiCert is a global provider of TLS/SSL, PKI and security solutions that enable digital trust for data, devices, code, documents and users. The company is focused on modernizing public key infrastructure management with the DigiCert ONE platform.
DigiCert ONE reinvents PKI to meet all certificate-based security use cases with flexible, scalable, and automated workflow managers, including the TLS certificate manager, CertCentral.
Clearlake Capital Group is an investment firm founded in 2006 that operates integrated businesses in private equity, credit and other related strategies. Crosspoint Capital Partners is a private equity investment firm focused on the cybersecurity, privacy and infrastructure software markets, and TA Associates is a global growth private equity firm focused on targeted sectors in five sectors : technology, health, financial services, consumer and business services.