WISeKey Completes Acquisition of 22% of Tarmin

WISeKey International Holding Ltd, a Swiss-based cybersecurity and IoT company, announced the acquisition of a 22% interest, through a $ multi-million transaction, in Tarmin Inc., a Boston, MA-based firm in of data and software-defined infrastructure delivering a massively scalable, transparent and unified approach for data management, storage, retention, security and search across cloud and traditional storage infrastructure. 

This strategic investment allows WISeKey to integrate Tarmin’s GridBank Data Management Platform technology into the WISeID.COM addressing 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 grow over $88 billion by 2024 according to a research report by Global Market Insights, Inc. It is an emerging network technology is transforming networking architecture. It is used by airlines to isolate the network control plane 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 factors 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 array of resources 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.

Tarmin’s integration with WISeKey’s Trusted Vertical Cybersecurity Platform
adds 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 text content search, distributed deduplication, self-service restore and cloud-ready migration.
3 Massively scalable, high performance, HA, globally distributed platform for enterprise information archiving data.
4 Next gen data management and storage solutions to jointly develop the WISeBox solution, which is a managed cloud service that integrates with WISeKey Root of Trust (ROT), PKI and the Tarmin 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, it 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 unique digital identity, enabling users to interact while maintaining control of their personal data. Users have the have the freedom to choose where their data resides and who is allowed to access it. By decoupling content from the application and digital identity itself, users will be able to use their data as currency and develop digital data dividends-based solutions as consumers have a right to know and control how their data is being used and be able to monetize their 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 & 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 unmet needs of data intensive organizations that experience challenges associated with accelerating data growth. Its data centric approach allows organizations to effortlessly meet the performance and scalability needs required to manage 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 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.

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Swiss-Based WISeKey to Acquire 22% Interest in Tarmin
To reinforce cybersecurity IoT platform
September 28, 2018 | Press Release