DigiCert, Inc., a provider of TLS/SSL, IoT and other PKI solutions, today announced that it has acquired Internet of Things (IoT) cybersecurity provider Mocana in undisclosed transactions.
The partners provide IoT manufacturers and operators with a comprehensive platform for managing security across the full IoT device lifecycle.
The acquisition is said to accelerate the firm’s presence in the fast-growing IoT market. IDC estimates there will be more than 55 billion connected devices by 2025, with growth fueled by organisational investment in IoT platforms for achieving operational efficiency, digital transformation and competitive differentiation.
“IoT security has been a challenge for device manufactures and operators,” said DigiCert CEO John Merrill.
The firms have planned to provide customers with a means to manage device identity, secure connections, prevent device tampering, and update firmware and settings remotely and securely once in the field.
This end-to-end platform reduces security vulnerabilities and enables digital transformation that is made possible from information technology (IT) and operational technology (OT) convergence.