Intertrust Grows Investor Base in a Major Push to Expand its Products and Services
SUNNYVALE, Calif. — December 13, 2016, Intertrust Technologies Corporation today announced that it has grown its investor base as part of a major expansion of its products and services. The new investors led by Palo Alto and Tokyo-based venture fund WiL, and including innogy SE, Germany’s most valuable energy company, join existing shareholders, Philips, Sony and Stephens, Inc. Founded in 1990, Intertrust is a pioneer of many of today’s distributed operating system security technologies, including digital rights management, app store security, and trusted computing environments.
“Intertrust is delighted to welcome our new shareholders,” said Talal G. Shamoon, Intertrust’s chief executive officer. “We have always looked over the horizon to develop innovative solutions for Internet security and digital commerce. As the era of big data and the Internet of Things (IoT) moves into high gear, demand for our products and services has blossomed, and we see growth potential across a wide range of vertical markets.”
Intertrust’s digital rights management and secure targeted advertising products are deployed globally. The company’s core security products such as software tamper resistance and digital certificates secure a broad range of third-party products ranging from media players and banking applications, to IoT products like cars and medical devices. Most of the world’s major device makers and technology platform providers have licensed Intertrust’s patents, which enable the security and rights management infrastructure of modern operating systems.
“WiL sees a huge opportunity in products that enable secure data exchange and interoperability,” said Gen Isayama, chief executive officer and founder of WiL. <em>“Intertrust’s vast expertise in this domain, coupled with its current and future products, makes it an ideal leader to help enterprises manage, trade, and analyze their data.”</em>
As the number of connected IoT devices has boomed, demand for Intertrust’s products has grown accordingly. These devices have also led to the phenomenal growth of sensitive data distributed across cloud services and enterprises. Intertrust’s products and services provide security for these devices, and governance and interoperability between these distributed data sets to help enterprises harness the information that surrounds them.
“The digital revolution will be the fundamental driver in reshaping the entire energy sector,” said Peter Terium, CEO of innogy SE. “Data processing is becoming the key to success. For this reason, innogy wants to make the generation and integration of top-class data the unique selling point of its business. Our strategic partnership with Intertrust will provide us with the technology, know-how, and digital infrastructure to maximize the value of our data-driven assets.”
In addition to growing existing business lines, Intertrust will use the new funds to commercialize a secure data platform developed for enterprises to better manage their own data, and also share and trade data with outside parties. The uniquely robust security and advanced rights
management capabilities offered by this new platform will allow enterprises to safely collaborate and trade data with partners and competitors. Intertrust plans to target the industrial and home IoT, and healthcare verticals, in addition to its traditional focus on media distribution and
About Intertrust Technologies Corporation
Intertrust provides trusted computing products and services to leading global corporations – from mobile and CE manufacturers and service providers to enterprise software platform companies. These products include the world’s leading digital rights management, software tamper resistance and privacy-driven data platforms for ad tech, DNA storage and processing, and IoT.
Founded in 1990, Intertrust is based in Silicon Valley, with regional offices in London, Tokyo and Beijing. The Company has a legacy of invention, and its fundamental contributions in the areas of computer security and digital trust are globally recognized. Intertrust holds hundreds of patents that are key to Internet security, trust, and privacy management components of operating systems, trusted mobile code and networked operating environments, web services, and cloud computing. The company has been privately held since 2003, and previously, publicly listed on NASDAQ from 1999.
About WiL, LLC
WiL, LLC (dba World Innovation Lab) is a venture capital firm with $360 million under management. With offices in Palo Alto and Tokyo, WiL seeks to promote the open innovation of large companies and develop global leaders and entrepreneurs. WiL provides a bridge between the U.S. and Japan for existing startups and helps new entrepreneurs grow in both markets and worldwide. WiL invests in startups with global appeal and disruptive potential, mostly in mid-tolate-stage in the U.S. and in multi-stage in Japan and other Asian countries. WiL provides operational expertise and strategic partnerships to accelerate its portfolio companies’ global expansion. WiL also incubates new businesses, with an approach that merges our Japanese
corporate partners’ expertise and resources with Silicon Valley’s talent pool and culture of open innovation.
Learn more at www.wilab.com
About innogy SE
innogy SE is Germany’s leading energy company, with revenue of around €46 billion (2015), more than 40,000 employees and activities in 16 countries across Europe. With its three business segments, Grid & Infrastructure, Retail and Renewables, innogy addresses the requirements of a modern, decarbonised, decentralised and digital energy world. Its activities focus on its 23 million customers, and on offering them innovative and sustainable products and services which enable them to use energy more efficiently and improve their quality of life. The key markets are Germany, the United Kingdom, the Netherlands and Belgium, as well as several countries in Central Eastern and South Eastern Europe, especially the Czech Republic,
Hungary and Poland. In renewable power generation, the company is also active in other regions, e.g. Spain, Italy and the MENAT region (Middle East, North Africa and Turkey), with a total capacity of 3.6 gigawatts. As a leader of innovation in future-oriented fields like eMobility, innogy is represented in the international hot-spots of the technology industry such as Silicon Valley, Tel Aviv and Berlin. innogy combines the extensive expertise of our energy technicians and engineers with digital technology partners, from start-ups to major corporates.