Dublin-based Shamus Software is the creator of the MIRACL cryptographic library, which is used by customers including Microsoft, Siemens and Samsung.

CertiVox uses number-theoretic cryptography to produce a mixture of algorithms to enable a secure exchange of data.

Shamus is to offer an extension of this encryption technology which will provide a more secure means of data exchange, according to a statement.

Under the terms of the deal Michael Scott, chief executive officer of Shamus, is to join CertiVox as chief cryptographer and will also serve as the director of CertiVox Laboratories in Dublin.

Scott adds: ‘With these combined technologies, CertiVox now provides the strongest level of security solutions on the market today for all things internet.

‘CertiVox’s technology portfolio, including its certificate-less encryption and MIRACL toolkit, solves the fundamental problems of secure cloud computing and enables enterprises to now manage and control their encryption keys with a cloud based service.’

After its foundation in 2009, CertiVox received seed funding amounting to £900,000 in March 2011, with £250,000 committed by Octopus Ventures.

Brian Spector, chief executive of CertiVox, comments: ‘Simple, swift and secure information exchange starting from the point of creation and ending with the point of delivery is the only way to unleash the full promise of cloud computing.’

According to CertiVox, the overall market for secure information management is worth approximately $8 billion per year, with at least $4.5 billion in the area of managed security software.