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Infineon Technologies AG (FSE:
IFX / OTCQX: IFNNY) and Mocana
Corporation take IoT security to
the next level. Embedded systems
security
specialist
Mocana
integrates support for the Infineon
OPTIGA™ TPM (Trusted Platform
Module) security controller as a
standard feature into its latest
Security of Things Platform™.
Developers who choose Mocana’s
platform for smart factories,
infrastructure, automotive and
other security-critical IoT designs can now quickly and
easily integrate hardware protection into their devices. In
addition, millions of IoT devices that already incorporate
OPTIGA TPMs from market leader Infineon could benefit
from the advanced security features offered by the Mocana
software platform.
The Mocana Security of Things Platform secures manifold
Mocana Security of Things Platform™ integrates support for the
Infineon OPTIGA™ TPM
capitalize on significant global growth opportunities
through greater focus and targeted investment.
The new company will be one of the world’s largest pure-play
cybersecurity companies. Last year, Intel Security unveiled a
new strategy that refocused the business on endpoint and
cloud as security control points, as well as actionable threat
intelligence, analytics and orchestration. This new strategy
allows customers to detect and respond to more threats
faster and with fewer resources.
Chris Young will be appointed CEO of the new company
upon closing of the transaction. Today he published an open
letter to Intel Security’s stakeholders outlining benefits of the
transaction and new company.
“As a standalone company supported by these two partners,
we will be in an even greater position of strength, committed
to being the best provider the cybersecurity industry has ever
seen,” Young said. “We will continue to focus on solving the
unique demands of customers in the dynamic cybersecurity
marketplace, drive innovation that anticipates future market
needs, and continue to grow through our strategic priorities.”
Currently, Intel Security’s comprehensive software platform
aspects of connected devices
through
a
comprehensive
collection of services such as
pre-boot verification, certificate
management,
cryptographic
engines, secured data transport
and secured firmware updates.
The platform with integrated
support for the OPTIGA TPM
family will be available in Q4
2016.
OPTIGA TPMs are standalone
security controllers based on
the international standards of the Trusted Computing
Group (TCG). TPMs protect integrity and authenticity
of embedded systems by implementing advanced
cryptographic algorithms in hardware. These established
devices have been used successfully to provide security in
PCs for over 15 years and are increasingly included into
different embedded systems. A TPM can be thought
protects more than a quarter of a billion endpoints, secures
the footprint for nearly two-thirds of the world’s 2,000 largest
companies, detects more than 400,000 new threats each
day, and represents more than 7,500 strong of the industry’s
most talented professionals. The business has demonstrated
strong momentum. Through the first half of this year, Intel
Security Group revenue grew 11 percent to $1.1 billion, while
operating income grew 391 percent to $182 million. Intel
Security also increased total bookings 7 percent per year on
a constant currency basis from 2013 to 2015.1
Under the terms of the agreement, TPG will own 51 percent
of a newly-formed cybersecurity company in a multi-step
transaction valuing Intel Security at approximately $4.2
billion, based on an equity value of approximately $2.2 billion
plus McAfee net debt of approximately $2 billion. The debt
initially will be financed by Intel until completion of audited
financial statements for McAfee (expected within three to
five months of close). The transaction is expected to close
in the second quarter of 2017, subject to certain regulatory
approvals and customary closing conditions.
12 l New-Tech Magazine Europe