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Device Authority and Cryptosoft Join Forces to Transform IoT Security

April 2016 by Marc Jacob

Cryptosoft announced its acquisition of DeviceAuthority 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.

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.


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