GlobalSign has acquired Finnish identity and access management (IAM) software developer Ubisecure Solutions Inc., the companies announced Tuesday. GlobalSign plans to integrate Ubisecure’s software into its Internet of Things (IoT) identity services platform as it attempts to establish itself as a leader in the growing Internet of Things market.
Ubisecure’s technologies for access control, single sign-on (SSO), federation and delegation services are used by a number of government agencies, financial institutions and enterprises in Europe. GlobalSign, the security division of GMO Internet Group, has a worldwide presence, including over 5,000 distributors of its digital certificates in over 100 countries.
“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 information security analysis firm KuppingerCole. “Providing massive scalability is a must to extend IAM to the IoT, where every ‘thing’ has its own identity.”
GlobalSign will integrate the entire Ubisecure team into its own, and plans to leverage Ubisecure’s Helsinki base by turning it into a hub for IAM innovation. Financial terms of the deal were not disclosed.
The IoT (which GlobalSign refers to as the Internet of Everything) market was pegged at $19 trillion “in the coming decade” by Cisco when it announced a billion dollar investment in the IoT in March.
The main barrier to this market is security, at least for SMBs, according to a June report. If both of these things bear out as the market develops, then the bigger, broader GlobalSign could grow very quickly.