Honeywell is about to accumulate OT (operational know-how) and IoT (Web of Issues) cybersecurity options supplier SCADAfence, to strengthen its cybersecurity software program portfolio. The deal permits SCADAfence to combine into the Honeywell Forge Cybersecurity+ suite offering expanded asset discovery, risk detection, and compliance administration capabilities.
This integration will allow Honeywell to offer an end-to-end enterprise OT cybersecurity resolution to web site managers, operations administration and CISOs searching for enterprise safety administration and situational consciousness. The acquisition strengthens present capabilities in cybersecurity and bolsters Honeywell’s high-growth OT cybersecurity portfolio, serving to prospects function extra securely and reliably.
“It’s important to guard and preserve the integrity of operational techniques like course of management tools in manufacturing services. A easy breach within the OT surroundings has the potential to create security and enterprise continuity danger for organisations of all sizes. OT belongings are inherently completely different than these within the IT surroundings as they’re area particular. Honeywell has been delivering and putting in these techniques for many years, which is why we launched our cybersecurity enterprise greater than twenty years in the past. Including SCADAfence’s product portfolio will strengthen our capabilities and assist our prospects defend themselves towards cyber safety dangers that are progressively growing,” says Kevin Dehoff, president and chief government officer, Honeywell Linked Enterprise.
“SCADAfence is a perfect complement to Honeywell’s OT cybersecurity portfolio and, when mixed with the Honeywell Forge Cybersecurity+ suite, it permits us to offer an end-to-end resolution with applicability to asset, web site and enterprise throughout key Honeywell sectors,” says Dehoff. “By enhancing our cybersecurity portfolio, we’re accessing a progress engine and enabling our prospects to function their OT environments extra securely and assist to keep away from disruption and doable catastrophic occasions.”
“We’re thrilled to affix Honeywell as we work in direction of fulfilling our mission of empowering industrial organisations to function securely, reliably and effectively. This mix creates vital alternative for progress, permitting us to mix our top-tier OT cybersecurity merchandise with one of many world’s main firms in industrial software program,” says Elad Ben Meir, chief government officer, SCADAfence. “With this acquisition, we’re poised to ship a few of the most superior OT safety know-how to Honeywell’s broad buyer base, bolstering the great Honeywell Forge Cybersecurity+ providing. We stay dedicated to proactively serving and supporting our prospects throughout all verticals and geographies the place we at the moment function.”
SCADAfence is headquartered in Tel Aviv, Israel and can broaden Honeywell’s Cybersecurity Middle of Excellence in Tel Aviv. Honeywell has been implementing OT cybersecurity options for greater than twenty years, delivering 1000’s of initiatives in over 130 nations with greater than 500 workers worldwide targeted particularly on OT cybersecurity.
The transaction is anticipated to shut within the second half of 2023, topic to customary closing situations, together with receipt of sure regulatory approvals.
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