Marvell Technology Group (MRVL - Free Report) recently introduced the LiquidSecurity Network Hardware Security Module (HSM) in a bid to utilize its technology expertise in enterprise environment.
With the new module, Marvell’s deployments of its security offerings for cloud environments will be leveraged in private and public clouds. The user-friendly interface along with powerful and scalable performance capabilities of the HSM enable unlimited client licenses, load balancing and policies that are increasingly required in data center deployments.
The LiquidSecurity Module boasts FIPS 140-2 level 3 security at several public cloud providers such as Amazon’s (AMZN - Free Report) Cloud HSM, Alphabet’s (GOOGL - Free Report) Google Cloud Platform HSM and Oracle (ORCL - Free Report) Cloud Infrastructure Key Management.
The general manager of Security Solutions at Marvell, Tejinder Singh said, "At a higher level, our existing partnerships with Amazon, Google and Oracle, among others, enable us to safeguard enterprise client deployments in the public cloud and we are excited to now bring the same robust and secure functionality to enterprise and private cloud data centers."
The LiquidSecurity Hardware Security Module was first released by Cavium in 2015, much before it was acquired by Marvell last year. The Cavium business has now been fully integrated into Marvell’s business. In view of reasonably good demand that the module witnessed during the time Cavium was a separate entity, and its adoption by the likes of F5 Networks, A10 Networks & Kemp Technologies, we believe that this suit of products will boost Marvell’s Networking business significantly.
In the last reported quarter, the networking business jumped a whopping 57% year over year to $398.4 million, with Cavium’s products contributing positively to the segment’s results. In the current quarter, the Cavium business is projected to rake in approximately $240 million of revenues.
However, Marvell faces major competition from the likes of Broadcom, MediaTek, Qualcomm and Quantenna Communications in the networking space. Nonetheless, we believe that focus on high-growth business areas, Cavium’s strong product line and efforts to strengthen the networking business will help it maintain its footing in the networking industry.
The module is expected to be generally available in the second quarter of 2019.
Marvell currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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