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KoolSpan Acquires Mobile Security Software and Engineering Team from SRA International
By Ariel Jones
KoolSpan, Inc., a developer of mobile security platforms and hardware, announced their acquisition of the secure mobile applications suite and engineering team from SRA International, Inc., a provider of technology and strategic consulting services and solutions to government organizations.
The partnership was announced on Tuesday, and included in SRA’s secure mobile application suite are its One Vault Voice and One Vault Messenger, which were developed by integrating KoolSpan’s TrustChip and TDK technology. These voice and text message applications are currently working on BlackBerry and Android platforms, and will be operating on the iPhone this year.
A core engineering team from SRA is also included in the acquisition deal, as are several pending patents related to the acquired technology. SRA will remain a reseller of KoolSpan products.
By acquiring these products, and the developers behind them, KoolSpan has broadened their product offerings and now owns all the core components of their hardware-based TrustChip solution. KoolSpan CEO Gregg Smith stated, "SRA and KoolSpan have worked together over the last several years to develop the next generation of secure mobile applications. This acquisition will allow KoolSpan to own the technology behind the security solution for the two most fundamental mobile applications—voice and text."
The chief priority among KoolSpan’s mobile strategy is securing voice and text mobile applications. The companies hope that this partnership will lead to new security innovations and accelerate the adoption of On Vault Voice and On Vault Messenger on a global scale. The highlight of this acquisition for KoolSpan, Smith stated, is the ability to market a FIPS-140-2 compliant turnkey mobile solution.
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