British Chip giant ARM has acquired Israel-based Sansa Security, a provider of hardware security IP and software for advanced system-on-chip components deployed in Internet of Things (IoT) and mobile devices. Terms have not been disclosed. The price is estimated at $85-$90 million. ARM’s market cap on Nasdaq is $22 billion.
Sansa Security was founded by three in 2000, under the name Discretix, which was changed to Snsa in October 2014.
David Deitcher, Limor Albaz and Gal Salomon, whom was the company CEO for the first 10 years, before deciding to become a partner in Pitango in 2010, with Pitango investing in Discretix. He was appointed chairman of Discretix, and Coby Sella was appointed CEO.
The Israeli company has developed security solutions for cellular devices and flash memory.
To date Sansa Security has raised $22 million. Prominent investors in the company over the years include the Sequoia Capital, Accel Partners, Genesis Partners, Pitango Venture Capital, and Poalim Ventures funds.
ARM will make the company, its development center in Israel.
The company currently enables security in more than 150 million products a year and Sansa Security technology is deployed across a range of smart connected devices and enterprise systems. The deal complements the ARM security portfolio, including ARM, TrustZonetechnology and SecurCore processor IP.
“Any connected device could be a target for a malicious attack so we must embed security at every potential attack point, ” said Mike Muller, CTO, ARM. “Protection against hackers works best when it is multi-layered, so we are extending our security technology capability into hardware subsystems and trusted software. This means our partners will be able to license a comprehensive security suite from a single source.”
Sansa Security technology makes it easier for manufacturers to build secure products by offering a complete hardware subsystem that adds additional isolation of security operations from the main application processor. This is complemented by software components operating on top of trusted execution environments to perform security-sensitive operations. The acquisition builds upon ARM’s embedded TrustZone technology, creating extra protection against malware and malicious software. It is a system-wide approach that underpins security-related chipset and trusted software needs. This enables the protection of any connected device and management of sensitive data and content.
“Our technology is already being used to protect data gathered and transmitted by a multitude of IoT and mobile devices, ” said Coby Sella, CEO, Sansa Security. “Joining ARM will enable us to scale the business by helping ARM’s global technology partners to address their most pressing security needs. Aligning what we do with the world’s leading IP company, allows us to develop our products and capability to new levels.”