American technology company DigiCert has announced the acquisition of Mocana, a cybersecurity agency dependent in California.
Mocana was launched in 2002 and is headquartered in Sunnyvale. The concentrate of the corporation is on embedded system security for industrial regulate programs and the internet of factors (IoT).
DigiCert stated the acquisition will make it possible for it to give an conclude-to-conclude IoT platform and present buyers with a way to take care of system identity, protected connections, protect against gadget tampering, and update firmware and settings remotely and securely.
“IoT security has been a obstacle for product manufactures and operators,” explained DigiCert main executive officer John Merrill.
“With the addition of Mocana, DigiCert is making on its eyesight for offering digital believe in, a increasing necessity in the IoT market as clever gadgets turn out to be ubiquitous in each corner of our particular and experienced lives.”
The offer was executed with the backing of Clearlake Funds Group, Crosspoint Funds, and TA Associates. The money conditions of the transaction were not disclosed.
Mocana’s chief technology officer, Srinivas Kumar, mentioned his colleagues are energized to be becoming a member of the DigiCert group.
He extra: “Together, our alternatives uniquely remedy the difficulties of IoT security, from embedding security protections on-chip or at system manufacturing to on-product secure communications and firmware updates the moment in the industry.”
Mocana’s listing of consumers includes ABB Ltd., Ciena Corp, Citrix Devices Inc., Eaton Corp. PLC, Typical Atomics, General Electric powered Business, HP Inc., Worldwide Company Devices Corp., Lenovo Team Ltd., Schneider Electric powered SE, Siemens AG, and VMware Inc.
Mocana strike the headlines in August 2020 when the company won a $1.5m agreement to deliver cybersecurity guidance to the United States Air Pressure (USAF). Under the Period II Tiny Business Innovation Exploration (SBIR) contract, Mocana agreed to do the job with USAF to provide advanced cyber-protection for military services techniques, creating stop-to-end digital source chain security.
DigiCert specializes in authorizing and issuing TLS/SSL (transportation layer security/protected sockets layer) certificates, public critical infrastructure (PKI), and IoT security and digital believe in solutions.
4 yrs in the past, Symantec’s SSL certificate authority was purchased by DigiCert for $950m.
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