MedCrypt acquires medical device cybersecurity software firm MedISAO
MedCrypt, a San Diego-based proactive security solutions provider for the healthcare industry, has acquired MedISAO, a cybersecurity information sharing organization focused on serving the medical device industry.
Financial terms of the deal were not disclosed.
Following the acquisition, MedCrypt is now providing MedISAO’s information sharing analysis network for small and midsize business (SMB), and also its Cyber Protek Software Bill of Materials (SBoM) and dependency vulnerability management tool, alongside its flagship software solutions.
Daniel Beard, the founder of MedISAO will also join the team of MedCrypt in integrating and growing the platforms.
Mike Kijewski – MedCrypt CEO said: “It can take anywhere from six months to a year for a new medical device to get its 510(k) clearance from the FDA.
“Our goal is to help device manufacturers meet the requirements from the FDA’s premarket and postmarket cybersecurity guidances, and MedISAO’s information sharing organization and Software Bill of Materials tool helps us do just that. Together, we’re helping manufacturers bring critical medical devices to market more quickly, reliably, and safely.”
MedISAO members are said to sent weekly vulnerability advisories, coordinated vulnerability disclosure forms, and also access to a vulnerability database having custom filters. Members who buy Cyber Protek will gain access to an SBoM generation tool for analyzing any vulnerabilities that impact their medical device, besides benefiting from a medical device management platform.
For medical device manufacturers, the medical device cybersecurity software tools and APIs of MedCrypt are claimed to make it more efficient, easier, and less costlier to develop safe and secure devices. The company’s cybersecurity platform can be implemented either in full or with a modular approach to secure legacy and also new medical devices proactively, efficiently, and effectively, claimed MedCrypt.
Daniel Beard – Founder of MedISAO said: “I initially created MedISAO to help fill the information sharing gap among smaller medical device manufacturers that were just getting started with cybersecurity. As demand for our platform grew, we realized our customers were in need of a Software Bill of Materials tool as well, so we created Cyber Protek.
“Joining MedCrypt will help both companies’ customers to expedite, manage, and demonstrate cybersecurity compliance, increasing security and decreasing the time it takes for life saving devices to market. I’m thrilled to join the innovative team at MedCrypt.”