Networking security vendor ForeScout Technologies has acquired operational technology (OT) network protection company SecurityMatters in a US$113 million cash deal.
With the increase in threats targeting non-traditional devices and cyber risk resulting in operational and safety risk, the convergence of IT (Information Technology) and OT (Operational Technology) networks is becoming critical in the OT and industrial environments. There is a lack of comprehensive solutions and tools to address the full range of OT cyber risk challenges.
Together, ForeScout and SecurityMatters provide expanded capabilities and advanced features to secure OT and Industrial environment. The acquisition will bolster ForeScout’s global leadership position in device visibility across the extended enterprise with expanded capabilities and advanced features to secure OT and industrial environments.
Michael DeCesare, CEO and President of ForeScout Technologies, Inc. said the following on the move: “ForeScout + SecurityMatters brings two market leading solutions together to deliver the industry’s first, and only, end-to-end agentless device visibility and control platform that can scale to support millions of devices across the most complex environments."
“Virtually every company with OT needs to rethink its cybersecurity strategy. After partnering with ForeScout for the last year, it became clear that we shared the same vision. Now as a single company, we will be able to accelerate our momentum and create the industry’s first capability to truly segment IT and OT environments", as said by Damiano Bolzoni, founder and CEO of SecurityMatters.
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