PALO ALTO, Calif.--(BUSINESS WIRE)--Utimaco, a worldwide leading manufacturer of hardware-based security solutions, is strengthening its commitment to the U.S. encryption market by opening up North American company headquarters in Palo Alto, Calif. Within the North American market, Utimaco is exhibiting a 200 percent year over year growth, and with reseller partnerships on the rise as well as the implementation of local delivery hubs, that figure is estimated to double in 2014. In October 2013, Utimaco announced its independence from the Sophos group.
Compared to software solutions, hardware security modules (HSM) offer unprecedented security, even in the most hostile environments. The most common use of HSM is the tamper-proof preparation and storage of cryptographic keys. With recent software security breaches, and threats of backdoors, more and more U.S. enterprises are turning to hardware solutions to store the keys to encrypted data. Within mission-critical host applications, the use of an HSM is becoming a high-security standard.
“HSM technology has been dominant in the banking and payment industry for years,” said Malte Pollmann, CEO, Utimaco. “Now we’re seeing overwhelming demand across a number of additional U.S. industries. With the addition of U.S. resellers and partners, Utimaco is well positioned to serve the important North American market. Our expanded presence in the Bay Area allows for faster delivery, service and support to the dozens of customers who’ve already opted for our German quality engineering. To keep up with demand, we plan to double the head count of our U.S. team in 2014.”
Utimaco’s scalable and customizable HSM is known for its unbreakable security foundation. Offering HSM technology to a multitude of industries, only Utimaco delivers a general-purpose hardware security module as a customizable platform to easily integrate into existing software solutions, embed business logic and build secure applications. The company’s flagship product line, CryptoServer, works as the cornerstone of trust within industries such as:
- Conditional Access Control – keeping content safe from unauthorized access
- eID – offering secure border control, electric identification and other eGovernment functionalities
- Manufacturing – deployed in offshore production environments to provide device identity and protect against insider threat
- Mobile Telecom – offering tamper-proof subscriber authentication
- Smart Grids – securing the communication between the utilities’ NOC and the smart meters and protecting commands, such as remote disconnects, to the meter
- Payment Solutions – providing secure PIN code generation, card issuing, Point of Sale and ATM management
“With more and more personal data becoming part of the transferable ecosystem, enterprises are increasingly realizing the need for a hardware root of trust to protect corporate and consumer data,” said Matthias Pankert, vice president, Utimaco. “Thanks to the explosion of connected devices, such as wearables and Smart Homes, together with no backdoors, we’ve seen an explosion in demand from U.S. based companies looking for a hardware security solution.”
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Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protects high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customizable platform to easily integrate into existing software solutions, embed business logic and build secure applications. Tens of thousands of enterprise and infrastructure companies rely on Utimaco to guard IP against internal and external threats and protect hundreds of millions of consumers globally. Visit Utimaco at: https://hsm.utimaco.com/en/