IAR announces alliance with Secure Thingz, takes 10% stake

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In a move said to focus on simplifying the integration of security in the product development process, IAR Systems has announced an alliance with Secure Thingz and taken a 10% equity stake in the company.

While some analysts predict there will be 27billion IoT connections in 2025, delivering secure embedded systems is said to be a major challenge, particularly in high growth markets. The companies’ joint solutions are said to enable secure device identities and privileges, allowing manufacturers and users alike to establish secure supply chains of trust, from silicon device manufacture to end-user product deployment and updates.

“Traditional solutions for IoT security are unable to defend against rapidly advancing threats. The Secure Thingz approach, with our partners, focuses on delivering robust security foundations, which can be leveraged across the device lifecycle,” said Krishna Anne, president and CEO, Secure Thingz.

IAR’s president and CEO Stefan Skarin, pictured, added: “The best way to take advantage of the possibilities of the connected world is by sharing knowledge, establishing strong strategic alliances and providing new technology offerings. We are now investing in Secure Thingz as we believe its solutions really can create the necessary security in a world of connected devices and products.”