WISeKey, a data security and internet of things company has recently gained a surplus of 22% interest in Tarmin Inc, a data and software management and infrastructure firm based in Boston, Massachusetts. The interest acquisition was made possible through a multi-million dollar transaction as per an official announcement by WISeKey.
How the Investment will Help
This major investment would lead to the integration of the technological fortes of the two companies, the merger of Tarmin’s data handling and management infrastructure, GridBank Data Management Platform into WISeID.com. According to WISeKey, the merger would solve data storing and management problems. WISeKey would also be making full use of GridBank’s features to fulfill the need for audited data rooms and provide legal solutions.
There are also talks of a future service reportedly called “WISeBox.” WISeBox is termed to be a nextgen data processing, managing and storing service that would mark the integration of GridBank with WISeKey’s Root of Trust and PKI architecture. WISeBox users would have the liberty to choose the data storing space and personally filter people for access.
In addition to this, WISeKey is also planning to add increased data security to its services by using data centers based in Switzerland and using Alps mountain bunkers to store users’ personal data and critical information.
The Two Companies at a Glance
WISeKey is a global name in the world of cyber security and safety. The company works on providing digital identity ecosystems based on blockchain, artificial intelligence, and internet of things (IoT). Tarmin Inc. is a leading name in delivering data infrastructure solutions. The company fulfills the need of enterprises and businesses to store, protect and manage their data.