IT and OT: ForeScout Acquires SecurityMatters

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IT and OT: ForeScout Acquires SecurityMatters

ForeScout Technologies has announced the acquisition of SecurityMatters. The acquisition was agreed for $133 million in an all-cash deal.
Founded in 2009, SecurityMatters is based in the Netherlands and specializes in solutions for device detection and monitoring, network protection, and anomaly detection.

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. Lack of comprehensive solutions and tools to address the full range of OT cyber risk challenges have made the industrial environments vulnerable to threats.
Together, ForeScout and SecurityMatters plan to 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.

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,

said Michael DeCesare, CEO and President, ForeScout Technologies. And Damiano Bolzoni, founder and CEO, SecurityMatters, added that

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.

Author: Tim Cole
Image Credit: ForeScout

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