Venafi Expands Strategic Partnerships in Japan

Venafi is backed by top-tier investors, including TCV, Foundation Capital, Intel Capital, QuestMark Partners, Mercato Partners and NextEquity.

Venafi,the leading provider of machine identity protection, today announced theexpansion of its international business in Japan through a newpartnership with GMO GlobalSign and master partner NSD BusinessInnovation.

The Importance of Machine Identities

As organizations focus on the digital transformation of theirbusinesses, encryption has emerged as the cornerstone of security andprivacy. Digital certificates and keys are essential to security andprivacy because they serve as machine identities. In this role, theycontrol the flow of sensitive data to authorized machines and are usedin nearly every sensitive digital transaction, from website transactionsand mobile and IoT devices to robots, artificial intelligence algorithmsand containers in the cloud.

In addition to this pivotal security role, machine identities also havea major impact on operational stability. When they expire unexpectedly,the device or service using them cannot communicate. Unfortunately, thepractices needed to protect them are not well understood or widelyfollowed. As a result, many Japanese organizations suffer fromcertificate-related outages that negatively impact customer confidenceand revenue.

Strategic partnership delivers new solution

Through this strategic partnership, NBI will provide the Venafitechnology to customers with specific challenges in managing andautomating the lifecycle of digital certificates. Venafi providescomprehensive visibility, intelligence and automation necessary toprotect machine identities no matter where they are used in the extendedenterprise. As a result, customers eliminate certificate-relatedoutages, reduce security risks and improve compliance with industryregulations.

Special Introductory Offer

To commemorate this strategic partnership, the three companies havecreated a special, no-cost program for three qualified companies thatwill discover weak, vulnerable and expiring certificates. If thesecertificates have not been issued through Global Sign, they can beautomatically replaced with new certificates issued by Global Sign. Theprogram will demonstrate how the customers can automate the entirecertificate lifecycle and proactively replace certificates before theyexpire. The assessment will also discover security and compliance risksand provide actionable advice to resolve these issues. This new programis available from April 11, 2019 through July 10, 2019.

――Christophe Culine, Vice President of Global Sales for Venafi said:

Weare very excited about this partnership with NSD and GMO GlobalSignbecause it will allow our mutual customers to move very quickly to acompletely automated machine identity protection process. Combining oursolutions will reduce costs and save valuable IT and security resourcesas well as eliminate outages that can negatively impact customers andcost millions of dollars.

――Tomura, President and Representative Director for NBI said:

I amvery happy to begin this strategic partnership among the threecompanies. In order to automate the lifecycle of electronic certificatesand deliver the greatest value to our customers, we felt we needed topair Venafi’s understanding of certificate risks with automatedcertificate issuance. This partnership will make it possible toaccelerate sales of Venafi in the Japanese market and encourage adoptionof machine identity protection.

About NSD Business Innovation

CIO, CTO & Developer Resources

NSD Business Innovation was established on 1st April 2013 byNSD to focus on selling solutions services. NSD has a specific focus onsecurity solutions such as malware protection and certificate management.

Learn More: http://www.nsdbi.co.jp/service/venafi/

About Venafi

Venafi is the cybersecurity market leader in machine identityprotection, securing machine-to-machine connections and communications.Venafi protects machine identity types by orchestrating cryptographickeys and digital certificates for SSL/TLS, IoT, mobile and SSH. Venafiprovides global visibility of machine identities and the risksassociated with them for the extended enterprise–on premises, mobile,virtual, cloud and IoT–at machine speed and scale. Venafi puts thisintelligence into action with automated remediation that reduces thesecurity and availability risks connected with weak or compromisedmachine identities while safeguarding the flow of information to trustedmachines and preventing communication with machines that are not trusted.

With over 30 patents, Venafi delivers innovative solutions for theworld’s most demanding, security-conscious Global 5000 organizations andgovernment agencies, including the top five U.S. health insurers; thetop five U.S. airlines; the top four credit card issuers; three out ofthe top four accounting and consulting firms; four of the top five U.S.,U.K., Australian and South African banks; and four of the top five U.S.retailers. Venafi is backed by top-tier investors, including TCV,Foundation Capital, Intel Capital, QuestMark Partners, Mercato Partnersand NextEquity.

For more information visit: www.venafi.com

About GMO GlobalSign.

GlobalSign is a certification authority that began providing services inBelgium in 1996, the first stage in the world when electronicauthentication services began to appear in the world and acquiredWebTrust for the first time in Europe. It has many achievements inBelgian government-related organizations and has been certified to theBelgian Government Certification Authority, which is the highestcertification authority of Belgian electronic government projects suchas eID * (BELPIC). Joining the GMO Internet Group in 2006, we arepromoting government-level security worldwide, including Japan.Currently, the company has provided 25 million electronic certificates,including SSL server certificates, as well as many deliveries togovernment agencies and large corporations.

For more information visit : https://www.gmo.jp/

Contact for product Introduction

NSD Business Innovation

FirstSales Department Matsumoto

TEL : 03-3257-1141

E-mail: [email protected]

For more information about this press release, please contact

NSDBusiness Innovation

Sales Department Takemoto

TEL :03-3257-1141

E-mail: [email protected]

View source version on businesswire.com: https://www.businesswire.com/news/home/20190411005165/en/

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RentoMojo in talks to raise $40 million from GMO, others

Existing investors Accel, Chiratae Ventures and Bain Capital Ventures are expected to take part in the new round in which Japanese investor GMO …

Mumbai: Furniture and appliance leasing startup RentoMojo is in discussions to close a fresh funding round of up to $40 million from existing investors as well as a new investor, said two people aware of the matter.

The startup, owned and operated by Edunetwork Pvt. Ltd, offers furniture, electronics and bikes on lease in Mumbai, Delhi, Pune, Bengaluru, Chennai, Hyderabad, Noida, and Gurugram.

Founded by Geetansh Bamania, the firm also offers free relocation, maintenance, and product swap facilities on the leased items, according to its website.

Existing investors Accel, Chiratae Ventures and Bain Capital Ventures are expected to take part in the new round in which Japanese investor GMO VenturePartners will also invest, one of the persons mentioned above said on the condition of anonymity, as the talks are private.

The startup appointed investment bank Jefferies Group about a month and half ago to advise on the fundraise, the second person mentioned above said. RentoMojo plans to use the funds to accelerate its growth, expand to more cities and go deeper in its existing businesses, the second person said.

RentoMojo, GMO, Accel , Bain and Chiratae did not respond to emails seeking comment. A spokesperson for Jefferies chose not to comment.

GMO VenturePartners is the startup investment arm of Japan’s GMO Internet Group, which is involved in internet infrastructure, online advertising and internet financial services. The venture arm has backed more than 25 startups in Japan and over 40 globally, including three in India. It also runs the GMO Global Payment Fund, which is focused on backing innovative payment startups globally. It has tapped this fund to back online payment gateways Mobikwik and Razorpay in India. GMO has also invested in truck logistics platform LetsTransport.

For RentoMojo, the latest fundraise comes almost two years after it raised $10 million in July 2017 from Bain Capital, Accel and Chiratae Ventures. Renauld Laplanche, chief executive of US-based Lending Club, also took part in his personal capacity.

RentoMojo started as a furniture rental platform but quickly modified its business model to promote itself as a fintech or leasing company, which provides consumers with a viable alternative to traditional EMIs by offering rental options across various product categories.

“After we launched an 18-month rental option, we thought we were behaving like an EMI company. So why not offer it on other products? A bank doesn’t differentiate whether the EMI is coming on phones or on a bike. That was a natural extension of our thought,” Bamania said in an interview in August last year.

While appliances currently comprise around 40% of Rentomojo’s total sales, smartphones as a category is expected to grow significantly to account for 40% of sales by March 2021, Bamania told Mint. For fiscal year 2017, the company posted a loss of 22.4 crore on total income of 15 crore.

RentoMojo competes with startups such as Furlenco, a furniture rental firm. Furlenco too is in the market to raise up to $50 million, according to reports. Furlenco is backed by investors such as Lightbox Ventures, Crescent Enterprises and Trifecta Capital.

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What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

While the hashrate of the Bitcoin network dipped quite substantially in late 2018 due to the Bitcoin Cash and the Bitcoin SV hashrate war during which …

SBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co., Ltd., officially entering the bitcoin mining industry.

In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust to market conditions.

As the bitcoin bear market extended to a 15-month correction, despite the gradual increase in hash power, the demand for bitcoin mining due to the general decline in profitability of mining noticeably dropped.


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All-Time Performance of the Crypto Market (Source: Coinmarketcap.com)

The entrance of SBI Holdings into the mining market at this phase of the correction suggests that the company has confidence in the long-term growth of bitcoin and the cryptocurrency market.

Timing of SBI’s Bitcoin Mining Business is Essential

In the months to come, with semiconductors expert Adam Traidman as the head of its mining venture, SBI Holdings is set to establish a strategic partnership with a major U.S.-based semiconductor enterprise to develop and manufacture bitcoin mining chips.

The official announcement of SBI read:

The SBI Group strongly promote on a wide range of businesses based on the digital asset, including cryptocurrency exchange business and other blockchain related businesses. The Group has practiced its cryptocurrency mining business at overseas and has now decided to expand its business scope to the manufacturing of mining chip itself and development of mining systems, through SBIMC.

Since April 2017, within a two-year span, the hashrate of the Bitcoin network has increased from 4 exahash to 48.5 exahash, by more than 12 fold.

The exponential increase in the hashrate of the Bitcoin network indicates the rise in computing power that is used to protect the Bitcoin blockchain protocol, allowing the network to become more resilient against attacks.

All-Time Highrate Growth of Bitcoin (Source; Blockchain.com)

While the hashrate of the Bitcoin network dipped quite substantially in late 2018 due to the Bitcoin Cash and the Bitcoin SV hashrate war during which both camps concentrated computing power into the two networks to gain control over their respective blockchain networks, in a larger time frame, the hashrate of Bitcoin has risen by a big margin.

On a yearly basis, the hashrate of the Bitcoin network remains higher than where it was a year ago. In fact, since April 2018, the hashrate of the Bitcoin network as nearly doubled from 25 exahash to 48.5 exahash.

Despite the overall increase in the computing power supporting Bitcoin, it is risky to commit to the cryptocurrency mining sector during a period in which dominant players in the sector have started to struggle.

But, it can also be said that SBI Holdings may see an opportunity to evolve into a major company in the global cryptocurrency mining industry as competitors have started to demonstrate signs of fallout and decline.

GMO Pulled Out

Japanese multi-billion dollar internet conglomerate GMO reportedly lost 1.3 billion yen in 2018 amidst one of the worst bear markets in the history of the cryptocurrency sector and announced that it would stop manufacturing mining chips.

GMO’s Mining Venture Performance (Source: GMO)

The GMO team wrote:

The profitability of the in-house mining business of GMO Internet Group decreased as the cryptocurrency price declined and our mining share did not increase as expected due to the rise of the global hash rate, which went beyond our initial assumption.

After taking into consideration changes in the current business environment, the Company expects that it is difficult to recover the carrying amounts of the in-house-mining-related business assets, and therefore, it has been decided to record an extraordinary loss.

SBI is likely well aware of the unsuccessful attempt of GMO to win over the cryptocurrency mining industry and for the corporation to enter the highly competitive market at this juncture shows the firm’s belief in the long-term performance of the industry.

Survey: Ripple Expected To See Most Gains In 2019

Moreover, the firm has a brokerage and margin trading service which CMO Coin has dubbed as the Sales Office and Virtual Currency FX, respectively.

The GMO internet Group in Japan is a firm that provides several services in relation to the internet. They have recently released the results of a survey they conducted which showed that nearly half of all the respondents said that they expect Ripple to see the most gains throughout 2019 compared to the other coins and tokens.

The survey was conducted from 30th January – 20th February with around 11,000 people taking part with some very interesting results.

Around 70 percent of the participants believe that cryptocurrencies are long-term investors and that there is a lot of potential for the future of these assets.

Although the main reasons for investment are partially down to the potential of making money when it comes to crypto as well as the concerns had to do with market volatility and exchange security. There is also a big implication that the potential for high returns has a big home in the mind of the investor. The report claims that 90 percent of the participants entered the market after the highs of late 2017.

The GMO Internet Group has started up its own crypto exchange called GMO via its subsidiary GMO Coin. Moreover, the firm has a brokerage and margin trading service which CMO Coin has dubbed as the Sales Office and Virtual Currency FX, respectively.

In the crypto community, you either love or hate Ripple, there doesn’t seem to be an in between. When it comes to Japan though, XRP is a very popular asset. The country’s financial services firm, SBI Group is a big supporter of Ripple and the CEO of the firm believes that the token has a lot of potential. In fact, Yoshitaka Kitao is expecting every bank in the nation to use Ripple’s XRP token by the 2025 Osaka Expo.

Japan is also making some ground when it comes to the regulation of cryptocurrency as the Financial Services Authority is currently reviewing whether it should hand licenses to about seven exchanges. On top of this, it is also planning to amend two acts and change the name of digital currencies to cryptographic assets in order to accommodate the new asset class in the existing legal framework.

When it comes to price, XRP is currently in the red with a 0.53 percent decrease over the past 24 hours leaving it a price of $0.31 and as the third largest cryptocurrency in the market.

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Japan’s GMO Survey: Ripple (XRP) Expected to Rise the Most in Price in 2019

70% of respondents also believe that cryptocurrencies are long-term investments and that there is indeed potential in digital assets in the future.

Japan’s GMO Internet Group, an internet company that provides several internet-related services, has released the results of a survey where nearly half of all respondents said that, out of all tokens, they expect Ripple (XRP) to rise the most in price.

The company surveyed nearly 11,000 participants from January 30 to February 20, and like surveys conducted by eToro, the results are interesting.

70% of respondents also believe that cryptocurrencies are long-term investments and that there is indeed potential in digital assets in the future.

Unsurprisingly, the main reason for investment is because of the potential profit, and concerns had to do with market volatility and exchange security. There is also a strong implication that the potential for high returns has a strong place in investor’s minds, as the report notes that 90% of respondents entered the market after the highs of late 2017.

The Japanese Yen (JPY) and the U.S. Dollar (USD) account for most of the the Bitcoin trading in the world, and the Yen has pipped the latter for the honor of being the largest fiat driver of Bitcoin trading.

GMO Internet Group has even launched its own crypto exchange, called GMO, through its subsidiary GMO Coin. In addition, the company has a brokerage and margin trading service, which GMO Coin has called a “sales office” and “virtual currency FX” respectively.

Ripple is a popular asset in Japan. Japanese financial services firm, SBI Group, is a backer of Ripple, and President and CEO of the firm, Yoshitaka Kitao, sees great potential in the token and expects every bank in the country to use the token by the 2025 Osaka Expo.

Meanwhile, Japan is making progress with cryptocurrency regulation, as the Financial Services Authority (FSA) is currently reviewing whether it should hand licenses to as many as 7 exchanges. It is also planning to amend 2 acts and change the name of virtual currencies to cryptographic assets, to accommodate the new asset class in the existing legal framework.

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