Strategic investment supports emerging
technology for secure device management
ST.
LOUIS, Aug. 21, 2024 /PRNewswire/ -- Emerson
(NYSE: EMR) today announced it has made a strategic investment
through its corporate venture capital arm Emerson Ventures in
Symmera, an early-stage company simplifying device authentication
and data protection. Boulder Ventures will co-invest with
Emerson.
Through Emerson Ventures' value-add strategic investment
approach, Emerson is investing in promising new technology:
Symmera's scalable, highly available and secure Distributed
Intelligent Network (DIN) Orchestration Platform. This innovative
device fleet management platform is compatible with industrial
protocols and standards, vendor agnostic and built on a zero-trust
architecture, providing the next generation of digital security in
connected devices.
Symmera seeks to help customers address the increasing
complexity and cost of managing the lifecycle and security of
devices while enabling trusted data streams from devices to
accelerate artificial intelligence, machine learning and advanced
analytics.
"Symmera aligns closely with many Emerson initiatives
surrounding lifecycle management of devices and secure field
communications," said Thurston
Cromwell, head of Emerson Ventures and vice president of
development and innovation at Emerson. "The platform offers a
unique, one-pane-of-glass approach for fleet management security
and secure field communications that will have wide-ranging
applications across essential industries."
Combining zero-trust architecture with automated key and
certificate lifecycle management, Symmera's DIN Orchestration
Platform will help ensure automation systems are protected against
emerging cyber threats. In addition, its capabilities in device
identity and security management will help address the industry's
growing need to enhance security and drive operational
efficiency.
"Symmera is uniquely positioned to seize the industry's demand
for secure, scalable IoT/IIoT solutions by delivering trusted
operations through the power of quantum-proof cryptography and
streamlined device management," said Srinivas Kumar, chief executive officer and
co-founder of Symmera. "Given Emerson's leadership in intelligent
industrial devices as well as its broad expertise in legacy and new
protocols and field communication networks, we look forward to
gaining hands-on experience to bolster our device authentication
and protection capabilities in this increasingly complex digital
landscape."
About Emerson
Emerson (NYSE: EMR) is a global technology and software company
providing innovative solutions for the world's essential
industries. Through its leading automation portfolio, including its
majority stake in AspenTech, Emerson helps hybrid, process and
discrete manufacturers optimize operations, protect personnel,
reduce emissions and achieve their sustainability goals. For more
information, visit Emerson.com.
About Symmera
Symmera is a technology and software
company providing innovative solutions for enterprise
digitalization. Through its SaaS orchestration platform for
devices, Symmera helps manufacturers and end-users implement
simplified and robust solutions based on open standards, with low
to zero coding, at reduced costs to increase operational
efficiencies. Symmera's patented Distributed Intelligent Network
(DIN) platform helps operators establish cyber trust in connected
devices and harvest unprecedented device intelligence for security,
scalability, availability, and interoperability to enrich data
driven analytics in the emerging AI/ML and IT/OT converged
ecosystems. For more information, visit www.symmera.com.
About Boulder Ventures
Founded in 1995 and based in
Boulder, Colorado, Boulder
Ventures invests in high-potential information technology and
biotechnology companies. For more information, visit
www.boulderventures.com.
Forward-Looking and Cautionary Statements
Statements in this press release that are not strictly historical
may be "forward-looking" statements, which involve risks and
uncertainties, and Emerson undertakes no obligation to update any
such statements to reflect later developments. These risks and
uncertainties include the Company's ability to successfully
complete on the terms and conditions contemplated, and the
financial impact of, the proposed National Instruments transaction,
the scope, duration and ultimate impacts of the COVID-19 pandemic
and the Russia-Ukraine conflict, as well as economic and
currency conditions, market demand, including related to the
pandemic and oil and gas price declines and volatility, pricing,
protection of intellectual property, cybersecurity, tariffs,
competitive and technological factors, inflation, among others, as
set forth in the Company's most recent Annual Report on Form 10-K
and subsequent reports filed with the SEC.
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SOURCE Emerson