London and Fremont, Calif., April 21, 2016 — Cryptosoft, the leader in policy driven authentication and encryption services for connected Internet of Things (IoT) and Machine-to-Machine (M2M) devices, today announced its acquisition of DeviceAuthority Inc, a Gartner-named cool vendor of the year 2015 for Identity and Access Management solutions for IoT, along with additional financing led by Tern plc and Alsop Louie Partners (ALP). The transaction closed on April 21, 2016 and after regulatory filings the new company will operate under the Device Authority name.