American technology company DigiCert has announced the acquisition of Mocana, a cybersecurity firm based in California.
Mocana was founded in 2002 and is headquartered in Sunnyvale. The focus of the firm is on embedded technique security for industrial manage methods and the internet of issues (IoT).
DigiCert mentioned the acquisition will make it possible for it to offer you an conclusion-to-finish IoT platform and present buyers with a way to handle device identity, protected connections, protect against device tampering, and update firmware and settings remotely and securely.
“IoT security has been a problem for unit manufactures and operators,” claimed DigiCert chief executive officer John Merrill.
“With the addition of Mocana, DigiCert is developing on its vision for offering digital rely on, a growing requirement in the IoT industry as good devices become ubiquitous in every single corner of our personal and experienced lives.”
The offer was executed with the backing of Clearlake Funds Team, Crosspoint Capital, and TA Associates. The financial phrases of the transaction were being not disclosed.
Mocana’s chief technology officer, Srinivas Kumar, mentioned his colleagues are fired up to be signing up for the DigiCert workforce.
He additional: “Together, our answers uniquely address the challenges of IoT security, from embedding security protections on-chip or at machine manufacturing to on-gadget secure communications and firmware updates when in the discipline.”
Mocana’s checklist of shoppers features ABB Ltd., Ciena Corp, Citrix Programs Inc., Eaton Corp. PLC, Basic Atomics, Common Electric powered Company, HP Inc., Intercontinental Organization Machines Corp., Lenovo Team Ltd., Schneider Electrical SE, Siemens AG, and VMware Inc.
Mocana hit the headlines in August 2020 when the company won a $1.5m agreement to offer cybersecurity guidance to the United States Air Pressure (USAF). Under the Phase II Small Organization Innovation Exploration (SBIR) contract, Mocana agreed to perform with USAF to supply superior cyber-safety for military methods, establishing finish-to-conclude electronic source chain security.
DigiCert specializes in authorizing and issuing TLS/SSL (transportation layer security/protected sockets layer) certificates, general public key infrastructure (PKI), and IoT security and digital belief options.
4 many years in the past, Symantec’s SSL certification authority was purchased by DigiCert for $950m.
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