ETAS Embedded Systems Canada Inc. has agreed to acquire TrustPoint Innovation Technologies, Ltd. Financial terms were not disclosed. The acquisition is subject to the approval of antitrust authorities.
TrustPoint Innovation Technologies has specialized expertise and technology in secure Machine-to-Machine (M2M) communication in the Internet of Things (IoT) including wireless devices, NFC Tags and Vehicle to Vehicle communications. TrustPoint’s deployment of Elliptic Curve Cryptography (ECC) achieves the highest form of security for constrained devices that have limited bandwidth, battery life or computational power.
ETAS expects to fully integrate the associates and assets from TrustPoint Innovation Technologies into its Kitchener, Ontario based operations led by Managing Director David MacFarlane.
ETAS Embedded Systems Canada Inc. is a subsidiary of ETAS GmbH, a wholly owned subsidiary of the Bosch Group.
TrustPoint Innovation Technologies was founded in 2012 by the late Dr. Scott Vanstone, a renowned cryptographer, and Sherry Shannon-Vanstone. TrustPoint board includes Philip Renaud, Managing Director of Church Advisors, a European investment advisory firm involved in private financings; Dr. Savvas Chamberlain, CEO of EXEL Research Inc, Professor of University of Waterloo, and formerly founder and Chairman of DALSA Corporation, now Teledyne DALSA.
photo credit: TrustPoint Innovation Technologies