PALO ALTO, Calif.--(BUSINESS WIRE)--Utimaco, a worldwide leading manufacturer of hardware-based security solutions, today announced the addition of industry veteran Thorsten Groetker as the company’s chief technology officer. In his role, Groetker will also lead the company’s research and development efforts.
“Thorsten is a critical new addition to our team and will play an instrumental role in further protecting Utimaco’s thousands of enterprise and infrastructure customers from internal and external security threats,” said Malte Pollmann, CEO of Utimaco. “His deep technical expertise and vast experience driving high-tech product development in markets all over world make him the ideal candidate to expand our security solutions to protect the explosion of sensitive data generated by connected devices and enterprise big data deployments.”
With more than 20 years of experience in electronic design automation, Groetker comes to Utimaco with deep expertise in engineering, software architecture and development, and large-scale project management. Prior to joining Utimaco, Groetker spent 16 years at Synopsys, where he helped develop and drive industry-wide adoption of the company’s technology and products. Groetker holds a doctorate degree in Electrical Engineering from Aachen University of Technology in Germany.
Utimaco is experiencing unprecedented demand as it secures millions of connected devices with its hardware security module (HSM) technology. From automotive to banking, manufacturing to smart grids, a wide range of industries are applying HSM technology to secure, authenticate and enable sensitive infrastructures and data. Faced with software security breaches, and threats of backdoors, U.S. enterprises are turning to hardware solutions to ensure the safe-keeping of encrypted data. Utimaco’s year-over-year growth in the U.S. is up 75 percent since it expanded its U.S. operations in Palo Alto, California to keep up with demand.
“I am honored to help drive and lead Utimaco’s continued innovation in hardware-based data encryption,” said Thorsten Groetker, CTO of Utimaco. “With devices becoming smarter and with data disrupting nearly every industry, we have an enormous challenge to maintain its security and integrity to ensure frictionless business operations. But I am confident in this company, its people and its technology.”
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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/