Karamba Security, an Israeli maker of cybersecurity software for connected devices, said Thursday it had signed a multi-year agreement with Seagate Technologies, a US data storage firm.
No financial details of the deal were disclosed, but a market source estimated the contract at some hundreds of thousands of dollars. Under the agreement, Seagate, whose shares are traded in New York at a market valuation of $22 billion, will license Karamba’s security software and use it to boost the protection of its storage systems, Karamba said in a statement. The software will be used as part of one of Seagate’s product lines.
Internet of things devices, such as data storage systems, connected cars, printers, energy systems and others, are vulnerable to cyberattacks. These attacks can damage critical systems and infrastructure. Manufacturers of internet of things devices, such as Seagate, are required to protect the systems they manufacture from many threats, including cyberattacks.
Karamba Security’s VCode software, licensed by Seagate, helps organizations protect their devices from the development stage and throughout their development lifecycle, the company said. VCode allows the automatic opening and scanning of software developed internally or coming from third-party to identify weaknesses in the product’s binary files and allow the manufacturer to correct them.