WISeKey Collaborates with SAP to Help Secure IoT Edge Devices
WISeKey (WIHN.SIX), a Swiss based cyber security company, today announced plans to help secure Internet of Things (IoT) devices with SAP (NYSE: SAP), the world’s largest provider of enterprise applications. The collaboration aims to allow the integration of WISeKey’s Managed Cryptographic Root of Trust secure IoT Edge Device with devices leveraging SAP HANA® Cloud Platform for the Internet of Things (IoT).
The collaboration will provide increased security of IoT devices when connecting to SAP solutions for the IoT. Having sensors connected to everything does not necessarily enable monetization or customer value. Companies and consumers can realize value and enable monetization when they can certify that they are receiving authenticated and secure sensor data, gain insight from it and propose appropriate actions as needed.
Carlos Moreira, WISeKey’s CEO noted, “This new collaboration is indicative of WISeKey's broad and continuously expanding cyber security IoT offerings, as we are placing significant emphasis on strategic relationships to increase penetration and boost sales with established enterprise players such as SAP. We are pleased to work with SAP to make smarter decisions safer to implement.”
“Securing data communications from edge devices to the SAP HANA Cloud Platform for the IoT and SAP solutions for the IoT is a prerequisite for any bi directional enterprise IoT use case,” said Gil Perez, SVP Digital Assets & IoT, General Manager IoT Security SAP SE. “By working with WiseKey, we are continuing to offer our customers options for ensuring the validity and scalability of sensor data powering SAP IoT platform and solutions.”
WISeKey is currently deploying large-scale IoT digital identities for watches and wearables using its Managed Cryptographic Root of Trust and NFCTrusted© technology. This trusted technology integrates wearable technology with secure authentication and identification, in both physical and virtual environments, and empowers IoT and wearable devices to become secure transactional devices. It is estimated that the global wearable market will grow at an annual rate of 35% over the next five years.
The Managed WISeKey Root of Trust (RoT) serves as a common trust anchor, which is recognized by operating systems (OS) and applications to ensure the authenticity, confidentiality and integrity of on-line transactions. With the Cryptographic Root of Trust embedded on a device, the IoT product manufacturers can use code-signing certificates and a cloud-based signature-as-a-service to secure interactions among and between objects and people.
WISeKey is one of the fastest growing CyberSecurity companies in the world, being a leading Swiss information security and identity management software and services company. WISeKey’s mission is to facilitate the global growth of secure electronic transactions by providing businesses, governments and individuals with advanced technology and services that authenticate the identity of communicators, signatures, and objects during Internet transactions. WISeKey is currently deploying large scale IoT digital identities ecosystems and has become a pioneer of the 4th Industrial Revolution movement launched this year at the World Economic Forum at Davos. WISeKey Swiss based Cryptographic Root of Trust integrates wearable technology with secure authentication and identification, in both physical and virtual environments, and empowers IoT and wearable devices to become secure transactional devices. www.wisekey.com WISeKey has patented this process in the USA as it is currently used by many IoT providers (for more information visit:
WISeKey is a Global Growth Company Partner of the World Economic Forum :
SAP, SAP HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices.
Find the press release in French, German, Chinese and Spanish under our Investor Press Corner: https://www.wisekey.com/investors/press-release/wisekey-collaborates-with-sap-to-help-secure-iot-edge-devices/
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.
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