Cloud Computing: ARM Launches Security Joint Venture

ARM has just given Intel another reason to chew its lip. The British mobile chip designer has launched a promised joint venture in mobile security called Trustonic that’s gotten the backing of companies like MasterCard, Sprint, Cisco, Samsung, Nvidia and 20th Century Fox Home Entertainment. ARM owns 40% of the new company and its two partners, Gemalto, a security ISV in Amsterdam, and Giesecke & Devrient, a payments house in Munich, each have 30%. Former ARM VP Ben Cade has been named Trustonic’s CEO. The venture will be headquartered in Cambridge, England, where ARM lives and will have offices around the world. It’s assumed the venture will ultimately go public since it will take tens of million of dollars to create the standard for banks, online retailers, service providers and enterprises in general that Trustonic is shooting for.

read more