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IoT Security M&A: Secure-IC Acquires Silex Insight

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Secure-IC, a provider of embedded system security, has acquired Silex Insight. The deal will help device makers and OEMs to build devices that are secure by design, the buyer said. Financial terms of the deal were not disclosed. Financial terms of the deal were not disclosed.

This is technology M&A deal number 986 that ChannelE2E has covered so far in 2022. See more than 2,000 technology M&A deals involving MSPs, MSSPs & IT service providers listed here.

Secure-IC, founded in 2010, is based in Rennes, France. The company has 109 employees listed on LinkedIn. Secure-IC’s security technology is embedded in "hundreds of millions of electronic chips for smartphones, laptops, automobiles, smart meters, cloud servers and more," the company said.

Silex Insight, founded in 1991, is based in Mont-Saint-Guibert, France. The company's cloud-based platform allows customers to  secure and manage their fleet of devices from the cloud and be provided with added-value security services, as well as compliance to standards."

Internet of Things and Security: Executive Perspectives on M&A

In a prepared statement about the M&A deal, Secure-IC CEO Hassan Triqui said:

“Secure-IC continues to invest heavily in security and by leveraging Silex Insight’s knowledge, solutions, and people, we know we retain best-in-class security for our customers. We expect to help them achieve market success with a complete embedded security offer, including lifecycle management. The combination of Secure-IC and Silex Insight is going to bring a unique high assurance security level to the market. Our mission is to provide our customers with solutions which perfectly fit their requirements, and offer outstanding quality, so that it is easy to implement right through to tape-out and beyond."

Added Michel Van Maercke, CEO of Silex Insight:

“By handing over our security business to Secure-IC, we are assured that the customers are in the best hands to help them design devices with the highest security standards. At the same time customers will be able to design solutions that are scalable and can be updated in the field”, said Michel Van Maercke, CEO of Silex Insight. This combination of Secure-IC and Silex Insight’s know-how marks the start of an incredibly exciting new era for embedded security solutions, creating a global leader, ready to set the standards for current and future
challenges, such as the post-quantum cryptography revolution."

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.