ARM snaps up Dutch IoT security specialist
Offspark targeted for PolarSSL tech used for cryptographic functions in sensors, comms systems
UK chip designer ARM Holdings has acquired Netherlands-based Offspark, which specialises in cyber security with a particular focus on the Internet of Things.
Reuters reported the deal today, but no details were available on the terms of the purchase.
Offspark's PolarSSL technology is an open-source toolkit designed for cryptographic functions. It is used in sensors and communication systems, both of which form integral parts of the IoT ecosystem.
ARM joins a crowded IoT market as companies such as Intel, Cisco, SAP and Google vie to control vast projected revenues in an industry that connects the previously unconnected, such as washing machines, fridges or manufacturing equipment. Last week Intel announced it had agreed terms to acquire German chipmaker Lantiq to bolster its IoT credentials.