Proving the Business Case for the Internet of Things

GMO GlobalSign snaps up Ubisecure in identity services move

Iain Morris
October 2, 2014
 
Security business GMO GlobalSign has bought Finnish software developer Ubisecure in a move designed to strengthen its focus on identity services for the IoT market.

The company did not disclose the financial terms of the arrangement but noted that Ubisecure (Espoo, Finland) develops identity and access management (IAM) software that it sees as critically important.

Estimating the value of the IoT market to be about $14.4 trillion, GMO GlobalSign (Cambridge, MA, USA) said the ability to make secure networked connections about people, processes, data and things will require every “thing” to have a trusted identity.

Ubisecure has already been recognized as a product leader in the access management and federation market by KuppingerCole (Wiesbaden, Germany), a security analyst firm.

Its software is currently used by a significant number of government agencies, financial institutions and enterprises in Europe, says GMO GlobalSign.

“Ubisecure provides the essential technology and talent needed to execute on our strategy to become the identity services leader for the Internet of Everything, mediating trust to enable safe commerce, communications, content delivery and community interactions for billions of transactions, around the world, in every moment,” said Paul Tourret, the managing director of GMO GlobalSign.

“This acquisition provides immediate revenue opportunity as we complement our product portfolio and deliver Ubisecure’s existing IAM solutions to a broader market though our sales and channel organization, and an exciting future as a strategically critical embedded technology in our IoE identity services platform,” he added.

GMO GlobalSign claims to be one of the world’s leading certificate authorities, saying it has verified and authenticated identities for websites, organizations, devices documents and code.

“The Ubisecure product is highly attractive for service providers and governments due to its specific features for use cases that require a strong focus on the integration of customers or citizens at large scale,” said Martin Kuppinger, founder of KuppingerCole. “Providing massive scalability is a must to extend IAM to the IoT, where every ‘thing’ has its own identity.”

The entire UbiSecure team is expected to join GMO GlobalSign, which is planning to invest in and develop an IAM center of excellence in Helsinki following the takeover.
 
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