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Digicert Acquires Iot Cybersecurity Provider Mocana

Jan 13, 2022•almost 4 years ago

Acquiring Company

DigiCert

Acquired Company

MOCANA Corp

SunnyvaleArtificial IntelligenceData And AnalyticsMobileMedia And EntertainmentInformation TechnologySoftware

Description

DigiCert, Inc., a leading provider of TLS/SSL, IoT and other PKI solutions, backed by Clearlake Capital Group. L.P. ("Clearlake"), Crosspoint Capital, and TA Associates, today announced that it has acquired Internet of Things (IoT) cybersecurity provider Mocana. The combination of DigiCert and Mocana technologies provides IoT manufacturers and operators with a comprehensive platform for managing security across the full IoT device lifecycle. Terms of the transaction were not disclosed.

Company Information

Company

DigiCert

About

DigiCert is a global provider of TLS/SSL, PKI, and security solutions that enable digital trust for data, devices, code, documents and users. DigiCert is modernizing the way PKI is managed with the DigiCert ONETM platform. DigiCert ONE reimagines PKI to address all certificate-based security use cases with flexible, scalable and automated workflow managers, including the award-winning TLS certificate manager, CertCentral®. For the latest DigiCert news and updates, visit digicert.com or follow @digicert.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed