Swiss-Based WISeKey to Acquire 22% Interest in Tarmin

WISeKey International Holding Ltd, a Swiss-based cybersecurity and IoT company, acquired a 22% interest in Tarmin, Inc., the Boston, MA-based in data and software-defined infrastructure delivering a massively scalable, transparent and unified approach for consistent data management, storage, retention, security and search across cloud and traditional storage infrastructure. 

This strategic investment allows WISeKey to reinforce its Cybersecurity IoT Platform with the Tarmin GridBank Data Management Platform addressing the challenges associated with storing, managing and gaining value from massive amounts of data for the long term. Data volumes are growing, increasing costs and driving greater regulatory risks, while creating opportunities to gain actionable insights from business critical information.  

Data and software-defined networking (DSDN) market share is predicted to cross $88 billion by 2024, according to a report by Global Market Insights, Inc. DSDN is an emerging network technology where the network control plane is isolated from the data plane and is directly programmable. It modifies the individual network devices into the accessible computing devices enabling the underlying infrastructure to be abstracted for network services and applications, which allow the network to be treated as a virtual entity.

DSDN enables the network to be a competitive differentiator for enterprises and carriers, not just an inevitable cost center. It offers several benefits such as high bandwidth, capabilities to cope with the dynamic nature of the advanced application and reduction in operational and management complexity that is augmenting its demand in the market.

The increasing adoption of the cloud services and IT convergence is one of the primary factor that is driving the growth of the market. Over the past five years, a rapid surge in the adoption of cloud services has been witnessed. It is driven by its capabilities to provide enterprise resources they can utilize to scale, orchestrate, and support their operations.

Cloud computing untethers the underlying infrastructure and applications, offering a level of dynamism that did not exist in traditional infrastructure. Furthermore, as the demand of cloud computing increases, it will increase the pressure on the network to cope with the flexibility, scalability and programmability of this virtualized model. This results in ample use-cases for DSDN and will fuel the demand for DSDN market solutions.

The Tamin integration with WISeKey further builds its Trusted Vertical Cybersecurity Platform adding few critical elements such as:
1. Dynamic data management for exploding enterprise data stores utilizing a massively scalable converged grid approach. 
2. Scalable backup target providing full text content search, distributed deduplication, self-service restore & cloud-ready migration.
3. Massively scalable, high performance, HA, globally distributed platform for enterprise information archiving data.
4. Next generation data management and storage solutions to jointly develop the WISeBox solution. WISeBox is a Managed Cloud service that integrates with WISeKey Root of Trust (ROT), PKI and the GridBank Data Management Platform.

WISeKey will utilize GridBank’s search and e-discovery capabilities, audit and retention policies and encryption features combined with WISeID Signing Agent to provide audited data rooms and legal solutions. 

Additionally, WISeBox will be adding secure cloud services from Switzerland in cooperation with Tarmin, using Swiss data centers and Swiss Alps Mountain bunkers to store the personal data generated by users and enterprises.

WISeKey is an e-security company offering decentralized Trust Models and PKI architecture. In addition, it allows data ecosystems to be federated via a digital identity, enabling users to interact while maintaining control of their personal data.

Due to new personal cloud alternatives, gone are the days of huge centralized clouds and ID Meta systems with no respect for personal data. This trend which WISeKey is spearheading, is motivating users and enterprises to develop personal clouds. Personal clouds shift the gravity center to users, giving them the ability to retake control of their personal data and benefit from leveraging local data centers, increased security and trust models, and also through digital identification technologies provide trust without compromising neutrality and independence.

WISeBox is integrated into WISeID which offers a secure vault to protect personally identifiable information (PII). Protecting PII is important to avoid impersonation and identity theft. All personal data saved using WISeID is controlled, encrypted, password protected and never communicated to third parties.

“This strategic investment allows Tarmin’s data and software-defined Infrastructure solutions to integrate with WISeKey Cybersecurity Platform strengthening Tarmin’s offering among WISeKey enterprise clients and bringing new source of revenue for both companies,” said Carlos Moreira, founder and CEO, WISeKey.

“We are excited about this new strategic investment from WISeKey and are confident that our combined customers will receive best-of-breed cybersecurity solutions with the full integration of the GridBank product suite,” said Shahbaz Ali, president and CEO, Tarmin.

GridBank was developed to fulfill the needs of data intensive organizations that experience challenges associated with accelerating data growth. GridBank’s data centric approach allows organizations to effortlessly meet the performance and scalability needs required to manage massive data growth, while reducing corporate risk through a comprehensive information governance framework and deliver business value from metadata with accelerated search, e-Discovery and analytics integration.

GridBank integrates with WISeKey QuoVadis MPKI, utilizing TLS/SSL encryption. WISeKey attests to the authenticity of a web page and encrypts all data transfers across the internet. S/MIME certificates are used by individuals to sign, encrypt and authenticate e-mail, making e-mail communication secure and confidential. Users can trust that their digital communication, and sensitive content, is delivered to the intended parties safely and securely. 

The Managed WISeKey ROT serves as a common trust anchor, which is recognized by all OSs and applications to ensure authenticity, confidentiality and integrity of online transactions. With the Cryptographic ROT embedded on a device, the IoT product manufacturers can use code signing certificates and a cloud-based signature-as-a-service to secure interactions among and between objects and people.

About WISeKey QuoVadis
QuoVadis is the service provider of WISeKey and specializes in cryptographic services (managed PKI services) with digital certificates and electronic signatures. The offer includes SSL/TLS certificates for websites, certificates for authentication, encryption and the creation of digital signatures. Specialized platforms for legal electronic signatures and digital onboarding, software solutions for mass signatures as well as industry-specific offers in the IoT environment and time stamp services complete the range of services. QuoVadis electronic signatures are used in more than 75 million electronic transactions each year. QuoVadis offices are located in Switzerland, the Netherlands, Germany, Belgium, the UK and Bermuda. 

About WISeKey:
WISeKey is a cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. Its Swiss based cryptographic Root of Trust (RoT) provides secure authentication and identification, in both physical and virtual environments, for the IoT, Blockchain and AI. RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people.