DigiCert, Inc, a provider of TLS/SSL, IoT and other PKI solutions, backed by Clearlake Capital Group LP (Clearlake), Crosspoint Capital, and TA Associates, has acquired Internet of Things (IoT) cybersecurity provider Mocana.
The combination of DigiCert and Mocana technologies provides IoT manufacturers and operators with a comprehensive platform for managing security across the full IoT device lifecycle. Terms of the transaction were not disclosed.
The acquisition accelerates DigiCert’s presence in the fast-growing IoT market. IDC estimates there will be more than 55 billion connected devices by 2025, with growth fuelled by organisational investment in IoT platforms for achieving operational efficiency, digital transformation and competitive differentiation.
