Armis strengthens OT and IoT surveillance with OTORIO consolidation

Computer contact management and security business today announced that it has acquired internet of things and operating technology cybersecurity startup for an unknown price.

Although the amount of the acquisition was not disclosed, Calcalist that the acquisition could have been about$ 120 million, based on market estimates.

Founded in 2018, OTORIO specializes in OT security with a focus on professional control systems and cyber-physical techniques. The company offers a product and service portfolio designed to manage the entire Twisted security approach for business enterprises.

OTORIO’s options include ongoing OT digital chance management, on-demand OT digital risk assessments and stable remote access to operational property. The company’s system integrates with existing administrative and security data sources to help automated coordination of the overall security process within a user-friendly interface.

The company’s companies cater to industries such as oil and gas, electric resources, machine manufacturing and medicine to support such organizations achieve safety maturity and functional endurance. The system offers flexible asset identification and attribution through quiet network monitoring and nonintrusive energetic querying. It also features coverage management, assessing risks by simulating possible attack scenarios and generating practical recommendations.

Post-acquisition, OTORIO’s features will increase Armis ‘ system with broader capabilities, including stable remote entry for complete and complete attack-path mapping. With the extra features, Armis will be able to help any organization with any requirement, delivering a second, complete solution for essential infrastructure, manufacturing and industrial environments.

” We are seeing unprecedented demand across all sectors, but for some particular categories, consumers require a hybrid setting for perfect safety”, said co-founder and Chief Executive Yevgeny Dibrov. ” Through this acquisition, Armis can now offer an on-premises solution for customers that require a fully air-gapped environment for heavy industry and critical infrastructure like energy or utilities”.

Coming into its acquisition, OTORIO had raised$ 50 million in from Andritz.

The acquisition of OTORIO follows on from Armis’s acquisition of Silk Security Inc. in a$ 150 million deal in&nbsp, &nbsp, and artificial-intelligence pre-attack threat-hunting company CTCI in&nbsp, . &nbsp, Since those two acquisitions, Armis claims, it has achieved a 2, 000 % increase in related revenues, &nbsp, “demonstrating its ability to maximize value and accelerate growth as it continues to prepare for an IPO”.

When exactly Armis is planning on an initial public offering is not clear, but the company is ultimately heading for one, having been owned by Insight Partners following a$ 1.1 billion acquisition in . Insight Partners generally buys a company such as Armis to turn it around and increase its appeal before later selling it for a profit, so it’s not a question of if but when Armis will go public.

Photo: OTORIO

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