WISeKey signs binding agreements to acquire a 22% interest in Tarmin.com the Boston, Massachusetts leader on Data & Software Defined Infrastructure and launch a new Secure Cloud Offering.
WISeKey signs binding agreements to acquire a 22% interest in Tarmin.com the Boston, Massachusetts leader on Data & Software Defined Infrastructure and launch a new Secure Cloud Offering. WISeKey International Holding Ltd (SIX: WIHN, OTTCQX: WIKYY), a Swiss based cyber security and IoT company, today announced to acquire a 22% interest in Tarmin the Boston, Massachusetts based leading pioneer of Data & 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 key challenges associated with storing, managing and gaining value from massive amounts of data for the long term. Data volumes are growing exponentially, increasing costs and driving greater regulatory risks, while creating opportunities to gain actionable insights from business critical information. Data and Software Defined Networking Market share is predicted to cross USD 88 billion by 2024; according to a new research 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 & 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 wide array of 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, high availability, 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 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, 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 the first e-security company in the world to offer decentralized Trust Models and PKI architecture. In addition, WISeKey allows data ecosystems to be federated via a unique 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 & 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 of 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 of Tarmin. GridBank was developed to fulfill the unmet needs of data intensive organizations that experience challenges associated with accelerating data growth. GridBank’s revolutionary data centric approach allows organizations to effortlessly meet the performance and scalability needs required to manage massive data growth, while significantly 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 operating systems 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 Tarmin Tarmin Inc. is the leading pioneer of Data Defined Infrastructure solutions, which unlock the value of data as a strategic business enabler, delivering a massively scalable, transparent and unified approach for consistent data management, storage, retention, security and search across cloud and traditional storage infrastructure. Tarmin GridBank empowers organizations to store, control and understand the value of data as a competitive business asset, no matter its size, location or cost by uniting application, information and storage tiers into a single, integrated data centric management architecture. Visit www.tarmin.com for more information. 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 already used in more than 75 million electronic transactions each year. QuoVadis offices are located in Switzerland, the Netherlands, Germany, Belgium, the United Kingdom and Bermuda. https://www.wisekey.com/quovadis/
About WISeKey:WISeKey (SIX: WIHN; OTCQX: WIKYY) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems with a patented process. WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.To receive WISeKey’s latest news visit the WISeKey Investors Corner. Disclaimer: This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.
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