AuthenTec acquires PeerSec Networks

AuthenTec has acquired PeerSec Networks, a provider of networking security solutions. The PeerSec Networks team and complete product portfolio, which includes the Matrix family of device security solutions, will become part of AuthenTec’s Embedded Security business segment. Financial terms of the transaction were not disclosed.

“We are very pleased to add the PeerSec team, which has extensive experience with embedded development and device management expertise, and their MatrixSSL, MatrixSSH and MatrixDTLS products to AuthenTec. This is a strategic acquisition which adds key secure networking technology that complements our solutions around secure networking by allowing us to provide optimized software toolkits for all the protocols that our hardware IP packet engines support,” said Dr. Simon Blake-Wilson, Vice President of AuthenTec’s Embedded Security Solutions.

The addition of PeerSec Networks helps complement AuthenTec’s existing Embedded Security offering for mobile, multifunction printers and smart grid, and adds new opportunities in the machine-to-machine (M2M) market. M2M technology allows wired and wireless systems to communicate device to device, and is commonly applied in areas such as industrial automation, medical and telemetry.

PeerSec Networks also adds to AuthenTec’s strong technology and intellectual property portfolio by supporting secure networking standards including SSL, TLS and DTLS.

The combined AuthenTec-PeerSec Network security offering is a comprehensive suite of secure networking toolkits spanning DTLS, IPsec, MACsec, SSH, SSL, TLS, and WPA security protocols.

PeerSec Networks was founded in 2002 and provides solutions that are currently shipping in networking equipment, trusted computing platforms, secure VoIP phones, Wi-Fi devices and wireless printers.