Mocana announced its acquisition of key assets of Mimas Technologies, Inc. and Mimas Technologies Pvt Ltd.
SAN FRANCISCO -- Mocana, a software company that is enabling a secure networked society, today announced its acquisition of key assets of Mimas Technologies, Inc. and Mimas Technologies Pvt Ltd. Through the acquisition, Mocana is forming its first product development center in India located in Pune, and expanding its wireless expertise in securing all aspects of data communications for any connected device.
The acquisition further enables Mocana to differentiate its product portfolio to serve emerging market segments. As the world’s devices are continually upgraded with wireless connectivity, Mocana products can more quickly address the emerging security needs that result when devices and services are connected to the Internet. Mimas’ development expertise is an ideal addition to Mocana and will be well suited for a seamless merge with the company as it continues to expand and accelerate its high performance wireless product offerings.
According to Harbor Research, Inc., overall shipments of devices for Wireline, Wireless WAN, Wireless LAN and Wireless PAN combined are expected to rise from 22 million devices in 2005 to 436 million in 2011, an annualized growth rate of 64%. The data presented by Harbor acknowledges the high levels of growth in the device market and validates Mocana’s value proposition as a company committed to securing connected devices.
“The acquisition of Mimas will expand our reach globally and further enable the growth of our product portfolio for wireless and networking applications,” said Adrian Turner, CEO and president of Mocana. “This acquisition complements Mocana’s development team and also meets our objectives to accelerate Mocana’s growth by tapping into emerging global markets.”
About the Author(s)
You May Also Like
The fuel in the new AI race: Data
April 23, 2024Securing Code in the Age of AI
April 24, 2024Beyond Spam Filters and Firewalls: Preventing Business Email Compromises in the Modern Enterprise
April 30, 2024Key Findings from the State of AppSec Report 2024
May 7, 2024Is AI Identifying Threats to Your Network?
May 14, 2024
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024