CENTRI Earns Frost & Sullivan's Entrepreneurial Company of the Year Recognition for its Internet of Things Security Solutions

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The IoT cybersecurity market is growing at a rapid pace, permeating every aspect of consumer and enterprise activities. Frost & Sullivan expects the number of IoT devices to grow from approximately 12.44 billion globally in 2016 to more than 45.41 billion in 2023, at a compound annual growth rate of 20.3%. Building automation and security systems will continue to account for more than 50% of all IoT devices. Malfunctions, such as in a connected car or components of a smart grid, can pose significant risks to consumers and businesses. Connected devices must be guarded against malicious or accidental breaches through the use of efficient technologies that are purpose-built for the machine environment.

"The IoT environment is unique in ways that traditional IT security technologies simply don't address," said Vikrant Gandhi, Industry Director, Digital Transformation, Frost & Sullivan. "Although many open-source security options are available for IoT devices, we don't believe such options can consistently deliver scalable, effective protection. The key considerations for IoT security include the need for lightweight security technologies that fit within the limitations of the IoT and the ability to accommodate multiple security approaches, such as digital certificates or certificate-less mechanisms, as well as a standards-based approach."

CENTRI's Internet of Things Advanced Security - IoTAS solution was purpose-built for the IoT environment, designed to eliminate risk of data theft and ensure data integrity from chip to cloud. Frost & Sullivan's research found that IoTAS is a complete and flexible solution that can effectively support the unique security needs of the IoT. IoTAS's patented software-only platform leverages CENTRI's innovative technologies, such as certificate-less hardware ID, vault-less key management technologies, smart cipher, smart packet tag, and smart cache. CENTRI also makes it easy for IoT developers to download the solution and implement a proof of concept, allowing them to perform prototyping and testing before wide-scale deployment.

The key capabilities and benefits of CENTRI's IoTAS solution are:

• Technology built for the IoT. It fits the physical and technical limitations of IoT devices, with a small footprint of 50kB and low resource requirements. Using stream-based protocols, integrated encryption, and other innovative technologies, the solution can deliver 50 times' better performance than alternatives.
• Flexibility and completeness. IoTAS is scalable and can be integrated into a client's existing IoT platform. It can also be layered on top of existing hardware without compromising manufacturers' bills of materials.
• Encrypted data use. Encrypted data in IoTAS is searchable without first preprocessing to decrypt, which enables enterprises to quickly access bytes of information from the middle of massive encoded data sets.

"CENTRI's IoTAS provides enterprises with a full, commercial-grade cybersecurity solution, solving a key challenge for industry verticals such as healthcare and automotive," said Gandhi. "There are a number of well-established cybersecurity companies entering the IoT market. What sets CENTRI apart is that it's built to meet IoT needs. Cache-mapping technology and efficient algorithms are at the core of IoTAS, which help the solution create efficiency and reduce the latency that is observed in competing IoT implementations."

CENTRI has developed an innovative advanced security solution that is designed to meet the burgeoning IoT market's needs, while offering strong service and support capabilities. Frost & Sullivan is pleased to recognize CENTRI with the 2017 North America Entrepreneurial Company of the Year in IoT cybersecurity.

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value as well as speed in response to market needs. In short, the award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About CENTRI

CENTRI provides a complete, advanced security solution for the Internet of Things.  Our flexible, software-only platform enables thing makers and developers to quickly get to market with purpose-built IoT security to protect their data from chip to Cloud. CENTRI eliminates your risk of data theft and delivers device integrity with modern, standards-based technologies for the connected world.  For more information visit centritechnology.com or email us at [email protected].   

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion.

Contact:
Claudia Toscano
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SOURCE Frost & Sullivan

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