Irdeto has announced that it has acquired Philips Electronics' full suite of white-box cryptology patents, patent applications and software.

It said that this will boost its existing IP portfolio for its Cloakware solution and offer more robust white-box cryptography-based solutions. It also said that the acquisition enhances its toolset to meet growing market demand from software developers at large technology enterprises, who are already starting to use white-box cryptography solutions to protect critical software applications.

The Cloakware technology allows companies to protect their core digital assets that create revenue-generating business models. By keeping their core digital assets ‘cloaked' throughout creation, distribution and consumption, companies can protect their existing business models and create new sources of revenue.

Graham Kill, CEO of Irdeto, said: “This acquisition allows us to even further bolster Irdeto Cloakware's considerable IP portfolio, boosting our current white-box IP portfolio to the benefit of our customers. It demonstrates Irdeto's continued dedication to and investment in software security, reinforcing its lead in innovation and ensuring our customers are protected to the highest level.”

Ruud Peters, CEO of Philips Electronics' intellectual property and standards, said: “By combining its existing skills and expertise with Philips IP, Irdeto can truly take the lead in the white-box crypto security market.”