DigiCert Inc., a Lehi provider of Internet security and Internet of things (IoT) solutions, has acquired IoT cybersecurity provider Mocana based in San Jose, California. DigiCert is has the capital backing of Clearlake Capital Group LP, Crosspoint Capital and TA Associates. Terms of the transaction were not disclosed.
“The combination of DigiCert and Mocana technologies provides IoT manufacturers and operators with a comprehensive platform for managing security across the full IoT device lifecycle,” DigiCert said in a release. “The acquisition strategically accelerates DigiCerts presence in the fast-growing IoT market.”
“IoT security has been a challenge for device manufactures and operators,” said DigiCert CEO John Merrill. “With the addition of Mocana, DigiCert is building on its vision for delivering digital trust, a growing necessity in the IoT market as smart devices become ubiquitous in every corner of our personal and professional lives. We are excited to introduce new and existing customers to our integrated platform and welcome the addition of Mocana’s expertise in IoT technology and the industrial and manufacturing verticals to the DigiCert team.”
“Mocana is excited to be joining the DigiCert team,” said Srinivas Kumar, Mocana chief technology officer. “Together, our solutions uniquely solve the challenges of IoT security, from embedding security protections on-chip or at device manufacturing to on-device secure communications and firmware updates once in the field.”
Founded in 2003, DigiCert employs about 1,600 in its operations.