ARM, Gemalto and Giesecke & Devrient today announced the creation of a joint venture dedicated to delivering a secure, accessible environment for advanced services running on the growing range of connected devices. This includes tablets, smart-TVs, games consoles and smartphones. All three companies are investing to accelerate adoption of a common security standard and create a vibrant ecosystem that will enable a new generation of innovative services. Security is critical for companies that wish to do business over these types of connected devices and provide the rich, seamless services that consumers expect. With improved security, delivered in a way that is easy to use, consumers will engage with a greater level of trust in the devices and services available.
The joint venture, which is subject to regulatory approval, will provide a secure environment for a new wave of advanced services to flourish, based on easy to use, accessible and consistent device security. Technology developed by the joint venture will be based on established solutions from the founding companies. It will provide a practical solution for manufacturers to deliver devices that enable services with a new level of trust. This trust will mean that consumers are able to simplify, improve and extend their digital lives. Faster, more secure and richer access to the services they want will then be possible, wherever and whenever they want it.
Gemalto and Giesecke & Devrient are both leading companies and long-standing ARM partners that offer security solutions to governments and for the financial and mobile industries. Gemalto and Giesecke & Devrient have agreed to contribute their respective software expertise to the joint venture. This will accelerate standardization and interoperability, based on industry standards, to ensure that existing customer investments are future-proofed. All three companies will contribute assets to the new venture, including patents, software, people, cash and capital equipment. ARM will own 40% of the joint venture, with Gemalto and Giesecke & Devrient each owning 30%.
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