DigiCert, Inc. | January 14, 2022
DigiCert, Inc., a leading provider of TLS/SSL, IoT and other PKI solutions, backed by Clearlake Capital Group. L.P. ("Clearlake"), Crosspoint Capital, and TA Associates, today announced that it 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 strategically 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 fueled by organizational investment in IoT platforms for achieving operational efficiency, digital transformation and competitive differentiation.
"IoT security has been a challenge for device manufactures and operators. 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. We are excited to introduce new and existing customers to our integrated platform and welcome the addition of Mocana's expertise in IoT technology and the industrial and manufacturing verticals to the DigiCert team."
DigiCert CEO John Merrill
"We have had a strategic partnership with Mocana for years and truly value their contribution to our product portfolio," said James Kline, senior director of program management at ABB Inc. "We are excited about the backing from DigiCert as a global leader in IoT security."
The combination of DigiCert and Mocana provides customers with a means to manage device identity, secure connections, prevent device tampering, and update firmware and settings remotely and securely once in the field. This end-to-end platform reduces security vulnerabilities and enables digital transformation that is made possible from information technology (IT) and operational technology (OT) convergence.
"Mocana is excited to be joining the DigiCert team," said Mocana CTO Srinivas Kumar. "Together, our solutions uniquely solve the challenges of IoT security, from embedding security protections on-chip or at device manufacturing to on-device secure communications and firmware updates once in the field."
About DigiCert, Inc.
DigiCert is a global provider of TLS/SSL, PKI, and security solutions that enable digital trust for data, devices, code, documents and users. DigiCert is modernizing the way PKI is managed with the DigiCert ONE™ platform. DigiCert ONE reimagines PKI to address all certificate-based security use cases with flexible, scalable and automated workflow managers, including the award-winning TLS certificate manager, CertCentral®.
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are technology, industrials, and consumer. Clearlake currently has over $60 billion of assets under management and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas.
About Crosspoint Capital
Crosspoint Capital Partners is a private equity investment firm focused on the cybersecurity, privacy and infrastructure software markets. Crosspoint has assembled a group of highly successful operators, investors and sector experts to partner with foundational technology companies and drive differentiated returns. Crosspoint has offices in Menlo Park, CA and Boston, MA.
About TA Associates
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 550 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $47.5 billion in capital since its founding in 1968. The firm's more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong.
SuperCom | January 11, 2022
SuperCom, a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, announced today that it has secured a new electronic monitoring contract in Wyoming. The contracting agency is an Adult and Juvenile Probation Agency and plans to use SuperCom's PureTrack GPS smartphone products to monitor their case load for location compliance. The contract is structured as a recurring per unit per day lease model, with billing at the end of each month.
"We are pleased to start 2022 with another government contract win and expansion into another US state. This is our first customer in Wyoming and adds to a diverse mix of government agencies around the world in our customer base. PureTrack continues to prove its flexibility in serving adult, juvenile, direct government and channel sales markets across the US and Europe."
Ordan Trabelsi, President and CEO of SuperCom
"With each new customer, we demonstrate further that our proprietary hardware, software and services continue to fill unmet needs in the criminal justice market. The design of our solutions allows us to not only grow our share within the market but also expand the market by introducing unique features that improve public safety, officer convenience, and recidivism rates," Ordan concluded.
SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform, which contains a comprehensive set of innovative features, including smart phone integration, secure communication, advanced security, anti-tamper mechanisms, fingerprint biometrics, voice communication, unique touch screens and extended battery life.
Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.
Sequans Communications | January 06, 2022
Sequans Communications S.A., a leading provider of cellular IoT chips and modules, announced today an expansion of its existing 4G/5G licensing agreements with Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, granting special rights to Renesas that strengthen the go-to-market opportunities for Sequans' LTE-M/NB-IoT Monarch 2 and Taurus 5G platforms. In particular, by building on Renesas' extensive sales, distribution and customer support capabilities, the deal allows Sequans to expand its serviceable addressable market to India. Additionally, Renesas will take a small equity stake in Sequans, and Renesas' Executive Vice President and Head of IoT and Infrastructure business unit, Dr. Sailesh Chittipeddi, will be nominated for election to the Sequans board of directors at the June 2022 shareholder meeting. The combined value of the business agreements and the equity investment, which is expected to close by January 14, 2022 subject to customary closing conditions, is approximately $20 million.
These multi-year agreements are designed to allow Sequans and Renesas to achieve several mutually beneficial goals. First, the agreements provide better control of manufacturing and product cost, which is especially important given the current supply challenges. Second, the agreements reinforce the joint product offerings and expand market opportunities. Third, the equity stake and board seat facilitate management alignment to strengthen the partnership and make the joint business successful.
"We are pleased to further strengthen our relationship with Renesas with both the LTE-M/NB-IoT and 5G businesses, as well as the opportunity to add Dr. Chittipeddi to the Sequans board. The expanded agreements reinforce our sales strategy and provide access to numerous new opportunities with a unique competitive solution while allowing us to leverage Renesas' strong global brand and manufacturing advantages."
Georges Karam, CEO of Sequans
"Renesas values Sequans' comprehensive cellular IoT offering, which brings our global customers and us advanced 4G/5G IoT capabilities that can address the broadest scope of applications and develop new markets with unique needs," said Dr. Sailesh Chittipeddi. "Our deepening collaboration with Sequans enhances our global presence with best-in-class cellular IoT solutions."
Sequans Communications S.A. is a leading developer and supplier of cellular IoT connectivity solutions, providing chips and modules for 5G/4G massive and broadband IoT. For 5G/4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring industry-leading low power consumption, a large set of integrated functionalities, and global deployment capability. For 5G/4G broadband IoT applications, Sequans offers a product portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. Founded in 2003, Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, South Korea, and China.
Borqs Technologies, Inc. | January 20, 2022
Borqs Technologies, Inc., a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy, with operations in the U.S., India and China, today announced that it has shipped more than US$3 million value of mobile point-of-sales (POS) devices to the largest mobile operator, one of the Fortune 500 companies, in India in December 2021.
Borqs designs the POS IoT device with key technologies to work particularly for the India market, including the latest radio bands, payment methods, etc. Borqs’s POS device has passed India’s mobile payment certifications and mobile operator certifications.
Borqs currently employs approximately 300 staff worldwide, with more than 73% in India, 7% in the US, and 20% in China and other markets. The Company believes that the India market is strategic and critical to the Company’s business. Historically the India market and the U.S. market have been contributing the majority of revenue to the Company.
India is one of the fastest growing economies in the world and offers great potential for business opportunities. Along India’s economic growth, an increasing number of people are moving up to the middle class and with rising disposable income. India's middle class is expected grow to 580 million people by 2025. Under the growing consumer spending trend in India, Borqs’s relationship with the largest India mobile operator will continue to help the Company to expand its IoT products in India.
About Borqs Technologies, Inc.
Borqs Technologies is a global leader in software and products for the IoT, providing customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions. Borqs has achieved leadership and customer recognition as an innovative end-to-end IoT solutions provider leveraging its strategic chipset partner relationships as well as its broad software and IP portfolio. Borqs’ unique strengths include its Android and Android Wear Licenses which enabled the Company to develop a software IP library covering chipset software, Android enhancements, domain specific usage and system performance optimization, suitable for large and low volume customized products. The Company is also currently in development of 5G products for phones and hotspots.