IAR Systems invests in IoT security by acquiring equity stake in Secure Thingz
Technology alliance to deliver secure product creation, deployment and lifecycle management for rapidly evolving IoT marketplace
Uppsala, Sweden—April 26, 2017—IAR Systems, a future-proof supplier of software tools and services for embedded development, today announced an alliance with Secure Thingz, a provider of advanced security solutions focused on the Internet of Things (IoT), to enable more secure, connected devices across their lifecycle. Additionally, IAR Systems announced it is taking an initial 10 percent equity stake in the company.
The alliance is primarily focused on technology innovation to simplify the integration of security and enable the management of critical intellectual property within the product development process. Industry analysts predict there will be 27 billion IoT connections in 2025, representing a $3 trillion revenue opportunity . However, delivering completely secure, embedded systems is a major challenge today, especially within high-growth markets such as critical infrastructure, Industrial IoT and automotive, as multiple high-profile security breaches have already impacted these industries. Secure Thingz delivers products and services for the development, deployment and management of next-generation, secure devices. IAR Systems offers complete software tools that ensure quality, reliability and efficiency in embedded development. The companies’ joint solutions will enable secure device identities and privileges, allowing manufacturers and users alike to establish secure supply chains of trust, from silicon device manufacture to end-user product deployment and updates.
“Traditional solutions for IoT security are unable to defend against rapidly advancing threats. The Secure Thingz approach, with our partners, focuses on delivering robust security foundations, which can be leveraged across the device lifecycle,” said Krishna Anne, President and CEO, Secure Thingz. “IAR Systems has a proven history of creating software tools and services for robust embedded development. Through our partnership, we will provide a one-stop solution to seamlessly integrate security and simplify the development process.”
“The best way to take advantage of the possibilities of the connected world is by sharing knowledge, establishing strong strategic alliances and providing new technology offerings. We are now investing in Secure Thingz as we believe its solutions really can create the necessary security in a world of connected devices and products,” said Stefan Skarin, CEO and President, IAR Systems. “The market for security is expected to grow enormously in many areas, especially due to rise of the IoT, and we plan to focus more on these specific areas, both to position us in the near future and in the long run.”
### Ends
Editor's Note: IAR Systems, IAR Embedded Workbench, IAR Connect, C-SPY, C-RUN, C-STAT, IAR Visual State, IAR KickStart Kit, I-jet, I-jet Trace, I-scope, IAR Academy, IAR, and the logotype of IAR Systems are trademarks or registered trademarks owned by IAR Systems AB. All other products names are trademarks of their respective owners.
About IAR Systems
IAR Systems supplies future-proof software tools and services for embedded development, enabling companies worldwide to create the products of today and the innovations of tomorrow. Since 1983, IAR Systems’ solutions have ensured quality, reliability and efficiency in the development of over one million embedded applications. The company is headquartered in Uppsala, Sweden and has sales and support offices all over the world. IAR Systems Group AB is listed on NASDAQ OMX Stockholm, Mid Cap. Learn more at www.iar.com.
|
Related News
- IAR Systems, Secure Thingz and Renesas Electronics collaborate on solutions for reliable industrial IoT security
- SEALSQ Introduces QS7001, a Newly Developed Cutting-Edge RISC-V Secure Hardware Platform, Specifically Designed for IoT security in the Post-Quantum Era
- Interview: Arm's SystemReady 2.0 to Secure IoT Devices
- Actions Technology Partners with PUFsecurity to Secure Wireless Bluetooth and IoT Applications
- IAR Embedded Secure IP upgrades solutions portfolio with late-stage security
Breaking News
- Logic Design Solutions launches Gen4 NVMe host IP
- ULYSS1, Microcontroller (MCU) for Automotive market, designed by Cortus is available
- M31 is partnering with Taiwan Cooperative Bank to launch an Employee Stock Ownership Trust to strengthen talent retention
- Sondrel announces CEO transition to lead next phase of growth
- JEDEC Publishes LPDDR5 CAMM2 Connector Performance Standard
Most Popular
- Arm's power play will backfire
- Alphawave Semi Selected for AI Innovation Research Grant from UK Government's Advanced Research + Invention Agency
- Secure-IC obtains the first worldwide CAVP Certification of Post-Quantum Cryptography algorithms, tested by SERMA Safety & Security
- Weebit Nano continuing to make progress with potential customers and qualifying its technology Moving closer to finalisation of licensing agreements Q1 FY25 Quarterly Activities Report
- PUFsecurity Collaborate with Arm on PSA Certified RoT Component Level 3 Certification for its Crypto Coprocessor to Provide Robust Security Subsystem Essential for the AIoT era
E-mail This Article | Printer-Friendly Page |