Cybersecurity, Blockchain Firm WISeKey Acquires Interest in Data Infrastructure Firm

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Switzerland-based blockchain, Internet of Things (IoT) and cybersecurity firm WISeKey has acquired a 22 percent interest in American data infrastructure firm Tarmin through a multi-million USD transaction, exact amount unspecified. The news was revealed in an official announcement from WISeKey on April 3.WISeKey focuses on creating digital identity ecosystems that implement blockchain, AI and IoT technology for people and smart device, while Tarmin develops scalable data and software defined infrastructure for high-volume data management and secure storage. WISeKey’s agreement to acquire a 22 percent interest in the latter had been signed in the fall of last year.The investment will enable WISeKey to integrate Tarmin’s secure cloud offering and data management architecture — the GridBank Data Management Platform — into WISeID.com. WISeKey proposes that the integration will allow the firm to tackle the challenges associated with storing and managing large volumes of data long term, but also to gain value from…

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