The Swedish company IAR Systems has just acquired Secure Thingz, a provider of advanced security solutions for embedded systems in the Internet of Things, for approximately £20m. With the acquisition, IAR Systems secures its position as a frontrunner in offering solutions for security in embedded systems.
Secure Thingz was founded in 2016 by Haydn Povey, who will continue to operate as CEO.
"We are very excited to become a part of the highly competent IAR Systems team," says Haydn, "We have already established a smooth cooperation with the development of Embedded Trust, and our combined resources within technology, sales and customer support will enable us to accelerate the development of the innovative security solutions that the digital products market so desperately needs."
IAR Systems is a world-leading provider of development tools for embedded systems. The company has customers all over the world within segments such as automotive, industrial automation, medical, consumer electronics and the Internet of Things.
Over the last several years, IAR Systems has delivered solutions to ensure functional safety in embedded systems. With the investment in Secure Thingz, IAR Systems extends its offering to also include security, a field which is currently the focus of the digital products market and is expected to grow substantially in the years to come. The acquisition provides the companies with a strong combined capacity for creating future products and services.
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Secure Thingz are Alumni members of ideaSpace West.
