Telecom Lead India: ARM, Gemalto and Giesecke &
Devrient announced their joint venture to deliver a secure environment for
services running on connected devices.
ARM will own 40 percent of the joint venture, with
Gemalto and Giesecke & Devrient each owning 30 percent.
All three companies will contribute assets to the new
venture, including patents, software, people, cash and capital equipment.
They will invest to accelerate adoption of a common
security standard and create an ecosystem. Security is critical for connected
devices and to provide seamless services.
The joint venture will offer consistent device security.
Technology developed by joint venture will be based on solutions from the
founding companies. It will provide a practical solution for manufacturers to
deliver devices that enable services with a new level of trust.
The new venture will provide a trusted software
environment capable of utilizing security from the hardware level up, in a
consistent, open and accessible manner. This will pave the way for service
providers to innovate advanced, trusted services that will enhance user
experiences whilst also reducing risks and improving privacy.
Gemalto and Giesecke & Devrient are ARM partners that
offer security solutions to governments and for the financial and mobile
industries.
Gemalto and Giesecke & Devrient will contribute their
respective software expertise to the joint venture. This will accelerate
standardization and interoperability, based on industry standards, to ensure
that existing customer investments are future-proofed.
The new venture will focus on improving security for
smart connected devices by developing a Trusted Execution Environment (TEE)
based on the established ARM TrustZone security technology.
Devices with a TEE will provide consumers with more
secure, user-friendly experiences that simplify and speed up how they interact
with their digital world. This will enable them to use their smart, connected
devices more frequently to access an increasing range of applications and
services in a secure way. This includes mobile payment, enterprise productivity
and mobile banking applications, as well as online commerce and premium content
services.
“This new joint venture will accelerate the adoption
of a common security standard, enabling a vibrant ecosystem of secure service
providers to emerge. This will be of significant step in terms of improved
consumer trust in secure transactions on connected devices,” said Warren
East, CEO, ARM.
Gemalto has been an early mover in developing its
software and servicing capabilities to remotely manage sensitive data for different
security implementations on connected devices,” said Olivier Piou, CEO of
Gemalto.
Through our mobile security OS software MobiCore we
became trusted partners to some of the biggest semiconductor companies and
device manufacturers,” said Karsten Ottenberg, CEO of Giesecke & Devrient.
“ARM integrates its TrustZone architecture into
every ARM Cortex-A family processor to help our silicon partners deliver the
deepest level of security in their hardware,” said Ben Cade, CEO of the new
venture.
