WATERLOO, ON, April 22, 2015 /CNW/ - By now the world has accepted the
fact that the Internet of Things (IoT) is going to be the largest
business transformation over the next 10 years. Industry giants have
forecasted over 20 billion new smart objects by 2020, with all of these
objects creating more data than the world has ever seen. Valuable,
personal and private data that needs to be secured like never before.
"We are developing a unique way to encrypt and authenticate data at its
inception and keep it secure until our clients want it decrypted,"
announced Ric Asselstine, CEO of Terepac. "That's end-to-end IoT
Terepac began by architecting full IoT solutions and quickly realised
that one of the key considerations, that was a must to address, was
security. "For this Internet of Things to really break out, to create
the trillions of dollars in economic value projected by the likes of
Cisco and IBM, the data that these companies are really seeking," said
Asselstine, "the data needs to be secure!"
A few years ago, companies started telling Terepac that they weren't
looking for just a sensor, they were looking for a secure solution.
After hearing this same request from more than one multi-billion-dollar
multinational company, Terepac took notice. Recognizing the need,
Terepac reorganized to create these complete and secure end-to-end
solutions now being demanded - Solutions that embody the company's
slogan, "Giving voice to the worldTM".
Terepac was fortunate to be located in the City of Waterloo, where there
was a wealth of security, hardware, firmware, and infrastructure design
talent to tap into. Through a series of Waterloo-ecosystem-based
introductions, Asselstine and Terepac VP Software & Platform
Development, Harry Major, were able to create a software development
team which included key staff that helped architect the original secure
platform for RIM and the BlackBerry.
Led by Major, Terepac has formed a team that is acting on filling the
IoT security void by developing the Terepac secure software platform,
to be embedded in all Terepac platform-based offerings. In addition to
this, the platform will power products designed to be
Software-as-a-Service offerings. These products will serve companies
around the planet seeking to have secure access to the IoT and the
wonders that electronic voices will yield, ones that Terepac is
"With my team's experience and know-how we are able to create this
next-generation version of an encrypted, authenticated, secure and
private platform useable for almost any object." said Major, "Whether
it's a municipal water system, mining equipment or a wearable medical
device, our platform will keep IoT data secure."
The platform is being built with security included from the ground up,
even so far as keeping an eye out to the future of quantum
computing-based standards and what it may imply for the IoT world.
According to Major, "We're solving the difficult problems in making data
secure in an IoT environment. Having lived through the experiences of
securing the BlackBerry, our team understands the complexities of
managing data from inception to insights." While the technology is
different, the principles of how to go about doing it remain the same.
"Our team brings that know-how to Terepac and this amazingly expansive
Internet of Things".
So has Terepac secured its future? As the company emerges from angel
funded to revenue generation and seeking to secure its next stages of
capital, those pieces will play out. What Asselstine does know,
however, is that by working to secure the Internet of Things it has
secured its future in the IoT.
SOURCE Terepac Corporation
For further information:
VP, IoT Marketing & Media Solutions