Source: www.securityweek.com – Author: Eduard Kovacs
Industrial giant Honeywell wants to extend its operational technology (OT) cybersecurity portfolio with the acquisition of Tel Aviv, Israel-based OT and IoT security firm SCADAfence.
Honeywell has agreed to acquire SCADAfence for an undisclosed amount and plans on integrating its solutions into the company’s Forge Cybersecurity+ suite. The deal is expected to close in the second half of the year.
SCADAfence provides manufacturing and critical infrastructure organizations with solutions for OT network protection, including threat detection, asset visibility, remote access, traffic analysis, vulnerability management, threat intelligence, and governance.
Integrating SCADAfence technology enables Honeywell to “provide an end-to-end enterprise OT cybersecurity solution to site managers, operations management and CISOs seeking enterprise security management and situational awareness”.
SCADAfence will also expand Honeywell’s Cybersecurity Center of Excellence in Tel Aviv.
Founded in 2014, SCADAfence has raised more than $35 million.
Cybersecurity M&A data collected by SecurityWeek shows that this is only the second industrial security deal announced this year, after six were announced in 2022, and nine in 2021.
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Original Post URL: https://www.securityweek.com/honeywell-boosting-ot-cybersecurity-offering-with-acquisition-of-scadafence/
Category & Tags: Funding/M&A,ICS/OT,Acquisition,Honeywell,OT,SCADA – Funding/M&A,ICS/OT,Acquisition,Honeywell,OT,SCADA
