Technology-focused Tern (LON:TERN) said its flagship investment, Cryptosoft, has bagged a contract with cyber-security colossus Semantec.
Encryption specialist Cryptosoft announced new platform integration with Symantec's managed PKI service to deliver secure access and storage of data across connected devices.
Cryptosoft customers are now able to issue, renew and revoke Symantec digital certificates – codes used to determine whether a communication is trustworthy or not - which can be used to power strong authentication, encryption and digital signing applications.
By working with Symantec, one of the most trusted providers of secure socket layer (SSL) certificate products, Cryptosoft customers can leverage Symantec's new Roots of Trust (RoT) for devices that authenticate and verify devices at the hardware level, making the so-called Internet of Things (IoT) a safer place.
Combined with the Cryptosoft platform, client devices can trust that the information being shared is between only authorised and secured devices, Tern's stock market statement said.
"Customers are looking to extend their investment in Symantec's Managed PKI services to support their IoT strategy. By working together, we are able to deliver solutions to meet this need while supporting IoT scale and the need for simplicity of implementation and management," said Darron Antill, chief executive of Cryptosoft,
Meanwhile, Brian Witten, senior director of IoT Security at Symantec, said that integrating Cryptosoft's technology into Symantec's platform would help protect more customers that are using IoT devices around the world.
“By building into the Symantec ecosystem, Cryptosoft will be able to provide solutions for a wider range of vendors and customers who are working with Symantec to deliver these new Roots of Trust," Witten said.
Shares in Tern rose 5.9% to 13.5p on the news.