AuthenTec Inc., a provider of identity, security, and touch control technologies in the Asia Pacific, Japan, the United States, Canada, and Europe, announced that it has acquired PeerSec Networks, a Seattle-based provider of networking solutions. The PeerSec Networks team and the complete product portfolio, which includes the Matrix™ family of leading device security solutions, will become part of AuthTec’s Embedded Security business offerings. Financial terms of the transaction were not disclosed.
“We are very pleased to add the PeerSec team, which has extensive experience with embedded development and device management expertise, and their MatrixSSL™, MatrixSSH™ and MatrixDTLS™ products to AuthenTec. This is a strategic acquisition which adds key secure networking technology that complements our solutions around secure networking by allowing us to provide optimized software toolkits for all the protocols that our hardware IP packet engines support,” said Dr. Simon Blake-Wilson, Vice President of AuthenTec’s Embedded Security Solutions. “There are tremendous growth opportunities across multiple markets, driven by the need for secure communication. With this strategic acquisition we not only expand our portfolio but are also able to accelerate our product roadmap activities and address new markets.”
“We are excited to join the AuthenTec Embedded Security team and build on the market success of our Matrix family of software products,” said PeerSec Networks CEO J Harper. “As part of AuthenTec, we’ll be able to leverage their market leading position, channels to top tier customers and synergistic product roadmap to accelerate the momentum of our complementary products.”
The new addition of PeerSec Networks helps to complement AuthenTec’s pre-existing Embedded Security offering for mobile, multifunction printers and smart grid, and creates new opportunities in the machine-to-machine (M2M) sector. M2M technology allows for both wired and wireless systems to communicate device to device, and is used more commonly in areas such as medical, industrial automation, and telemetry.
PeerSec Networks also adds to AuthenTec’s strong intellectual property and technology portfolio by supporting secure network standards, which include Datagram Transport Layer Security (DTLS), Transport Layer Security (TLS), and Secure Sockets Layer (SSL). The combined AuthenTec-PeerSec Network security offering is a comprehensive bundle of secure networking toolkits, which span IPsec, MACsec, SSL, TLS, EPA, SSH, and DTLS security protocols.
PeerSec Networks was founded in 2002 and offers solutions that are currently shipping in trusted computing platforms, networking equipment, secure VoIP phones, Wi-Fi devices and wireless printers. PeerSec Networks’ client list includes some of the top leaders in the semiconductor, network and printer industries, such as Toshiba, Gemalto, Motorola Solutions, and Neopost, among others.
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