DigiCert has acquired Mocana in an effort to bolster its IoT security portfolio. Mocana was founded in 2002, and is the developer of the TrustCenter platform that organizations can use to automate their device management and provisioning procedures.
The technology will supplement DigiCert’s existing IoT Device Manager solution, which similarly allows an organization to keep tabs on all of the IoT devices that are connected to the corporate network. The solution can identify individual devices, and lets administrators view and manage those devices through a single centralized dashboard.
Now that it has acquired Mocana, DigiCert will be able to provide its customers with an even more comprehensive IoT security product. The joint platform should be able to support remote firmware updates and guard against device tampering in addition to facilitating basic device management. The company itself will be hoping to capture a portion of an IoT security market that will become increasingly lucrative as the Internet of Things expands. In that regard, there will be as many as 56 billion connected devices in circulation by 2025, while the entire IoT industry will reach $1.9 trillion by 2027.
“With the addition of Mocana, DigiCert is building on its vision for delivering digital trust, a growing necessity in the IoT market as smart devices become ubiquitous in every corner of our personal and professional lives,” said DigiCert CEO John Merrill. DigiCert and Mocana opted not to disclose the financial terms of the acquisition.
Mocana’s platform previously relied on integrations with third-party authentication and certification services. The company has raised close to $100 million since its debut in 2002, and has partnered with leading tech developers like IBM, HP, Siemens, and VMware. DigiCert, meanwhile, provided digital document verification services for Imprivata’s Confirm ID electronic prescription solution back in 2018.