Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things (“IoT”), is pleased to announce that Device Authority Limited (“DA”), a global leader in identity and access management for the IoT, has been accepted into the Venafi Machine Identity and Protection Development Fund, a US$12.5 million initiative to protect all machine identities, established by Venafi, a leading provider of machine identity protection.
Device Authority will create a new certificate authority service connector which will plug into Venafi’s platform. This will allow KeyScaler customers to use the Venafi platform as a source for certificate issuance.
Partners to the Fund are selected based on their ability to accelerate the delivery of comprehensive protection for machine identities across complex enterprise networks. Currently, there are limited solutions on the market that deliver full end-to-end code signing and update delivery for IoT use cases. Therefore, organisations are forced to design and build their own home-grown solutions to fulfil their requirements. Device Authority will solve this problem by providing a turn-key code signing and update delivery solution which can integrate into any new or existing workflows.
Al Sisto, CEO of Tern, said: “We are very pleased and congratulate the DA team for securing this contract from the prestigious Venafi Machine Identity Protection Development Fund. Venafi is a leader in the cybersecurity space and this deal to develop a new certificate authority service connector for its platform endorses the quality of its technology.”