ARM, Gemalto and Giesecke & Devrient today announced the
creation of a joint venture dedicated to delivering a
secure environment for services running on connected
devices, such as tablets, smart-TVs, games consoles and
smartphones.
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.
Gemalto and Giesecke & Devrient are both 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. 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%.
The new venture will focus on improving security for
smart connected devices by developing a Trusted Execution
Environment (TEE) based on the established ARM TrustZone
security technology. This common, secure environment for
software execution will utilize advanced hardware
security coupled with industry standard software
interfaces, such as those from the GlobalPlatform
industry association.
Devices with a TEE will enable consumers to use their
smart, connected devices more frequently to access an
applications and services in a secure way. This includes
mobile payment, enterprise productivity and mobile
banking applications, as well as online commerce and
premium content services.