Eyeing the growing range of connected devices, ARM, Gemalto and Giesecke & Devrient have created a joint venture focused on delivering a secure and accessible environment for advanced services running on platforms such as tablets, smart-TVs, games consoles and smartphones.
All three companies will contribute assets to the new venture, including patents, software, people, cash and capital equipment. ARM will own 40% of the joint venture, with Gemalto and Giesecke & Devrient each owning 30%. The joint venture is subject to regulatory approval.
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Together, the JV said it aims to accelerate the adoption of a common security standard and create an ecosystem that will enable a new generation of innovative services. Indeed, security is critical for many companies, and concerns have increased with the advance of mobile devices.
Technology developed by the joint venture will be based on established solutions from the founding companies. Gemalto and Giesecke & Devrient have agreed to contribute their respective software expertise to the joint venture, aiming to accelerate standardization and interoperability.
Gemalto and Giesecke & Devrient are both long-standing ARM partners that offer security solutions to governments and the financial and mobile industries.
The new venture will focus on improving security for smart connected devices by developing a trusted execution environment based on the established ARM TrustZone security technology.
The new company will take on the responsibilities for the existing customers of MobiCore and Trusted Logic Mobility’s Trusted Foundations software, which is a Gemalto company.
