The first version of the system, which was called NTRU, was developed in 1996 by mathematicians
Jeffrey Hoffstein,
Jill Pipher, and
Joseph H. Silverman. That same year, the developers of NTRU joined with
Daniel Lieman and founded the company NTRU Cryptosystems, Inc., and were given a patent on the cryptosystem. The name "NTRU", chosen for the company and soon applied to the system as well, was originally derived from the pun ''Number Theorists 'R' Us
or, alternatively, stood for Number Theory Research Unit''. In 2009, the company was acquired by
Security Innovation, a software security corporation. In 2013, Damien Stehle and Ron Steinfeld created a provably secure version of NTRU, which adds defenses against a potential attack on NTRU by eliminating algebraic structure they considered worrisome. However, after more than 20 years of scrutiny, no concrete approach to attack the original NTRU by exploiting its algebraic structure has been found so far. NTRU became a finalist in the third round of
NIST's
Post-Quantum Cryptography Standardization project, whereas NTRU Prime became an alternate candidate. == Performance ==