deviceTRUST GmbH

Based in Germany, deviceTRUST GmbH enhances digital workspace security through a contextual security framework that supports a Zero Trust strategy, ensuring compliance and control in dynamic environments. Founded in 2016 in Darmstadt, Germany, deviceTRUST GmbH focuses on improving digital workspace security. The firm has completed a total of 3 deals, with the most recent deal occurring on December 10, 2024. Sascha Goeckel serves as both CEO and Founder of the company.

deviceTRUST specializes in enhancing the security of digital workspaces by implementing a contextual security framework designed to support a Zero Trust strategy. Their core product, the deviceTRUST Client Extension, verifies compliance with security, regulatory, and compliance requirements whenever users access their digital environments. This solution allows organizations to define individual contexts for devices, enabling real-time control over workspace access, application usage, and security policies based on contextual information such as device location and compliance status. The company primarily serves clients across various sectors including healthcare, finance, and technology, with notable customers such as DB Systel, Deutsche Steinzeug, and KKH Kaufmännische Krankenkasse.

deviceTRUST’s products are marketed globally, with a significant presence in European, North American, and Australian markets. deviceTRUST generates revenue through subscription-based models for its security solutions, specifically targeting businesses seeking to implement advanced security measures in their digital workspaces. Clients typically engage in annual contracts that provide access to the deviceTRUST Client Extension and associated services, which include ongoing support and updates. The transaction structure is primarily B2B, where deviceTRUST collaborates directly with organizations to tailor solutions that fit their security needs.

Pricing structures are designed to cater to various organizational sizes and complexities, ensuring that both large enterprises and smaller businesses can benefit from their offerings. Flagship products like the deviceTRUST Client Extension are central to these agreements, solidifying deviceTRUST’s role as a key player in the security technology sector. In December 2024, deviceTRUST GmbH was acquired by Citrix Systems, Inc. , which is a portfolio company of Cloud Software Group, Inc.

, Vista Equity Partners, and Elliott Management. The financial terms of the acquisition were not disclosed. This acquisition is expected to enhance Citrix Systems, Inc. 's platform capabilities, indicating a strategic move to integrate deviceTRUST’s offerings into its broader service portfolio.