ForeScout acquires OT security firm SecurityMatters for $113 million
ForeScout Technologies, a network security company that focuses on internet-of-things, operational technology and cloud computing, announced on Thursday that it acquired OT security company SecurityMatters for $113 million. With the increasing convergence of IT and OT, the purchase is meant boost ForeScout’s ability to deliver security in enterprise and industrial environments. “ForeScout’s acquisition of SecurityMatters is a natural fit as it takes us deeper into a market where we have an established foothold and are seeing explosive customer demand,” said ForeScout CEO Michael DeCesare, in a press release. The deal comes after the two companies have been partnering for about a year. The companies said their combined monitoring and assessment capabilities will help them provide customers with “deeper visibility into OT and [industrial control system] environments” and better manage network risk, among other improvements. “Virtually every company with OT needs to rethink its cybersecurity strategy,” said SecurityMatters CEO Damiano Bolzoni. […]
The post ForeScout acquires OT security firm SecurityMatters for $113 million appeared first on Cyberscoop.
Continue reading ForeScout acquires OT security firm SecurityMatters for $113 million