Analog Devices buys Sypris business to boost IoT security
August 25, 2016
Chip company Analog Devices has acquired the cyber security business of Sypris Electronics to help it deliver secure analogue products for IoT applications.
For more than 50 years, Sypris has built a track record of delivering information security services to customers including military and government organisations needing to protect against nation-state level threats and attacks.
With this transaction, Massachusetts-based Analog Devices enhances its aerospace and defence capabilities in the area of secure radio communications, bolsters its portfolio of system hardware and software-based cryptographic technologies, and adds a cyber-security software and services business that supports its ability to offer analogue devices across multiple market segments such as IoT, industrial and automotive.
“We are delighted to add the experience, expertise and technologies of the Sypris team to the Analog Devices family,” said Dick Meaney, Analog Devices senior vice president. “With this acquisition, we have accelerated our ability to offer our customers trust from the sensor to the cloud through next-generation cyber-physical security. The competencies and offerings of the business are a great complement to our IoT solutions, as security increasingly becomes paramount to the success of IoT implementations.”
The Sypris team will remain in its current locales of Tampa, Florida, and West Lafayette, Indiana, and form the core of Analog Devices’ new secure technology group, to be led by John Walsh, former president of Sypris Electronics.
“The team is very proud to become part of Analog Devices,” said Walsh. “The combination of Analog Devices and the cyber security business provides the unique opportunity to change the game in security at the cyber-physical layer. The integration of our technologies and core competencies will allow us to enable greater trust in the underpinnings of our more and more connected world.”