Summary: Armis has acquired Otorio for approximately 0 million, enhancing its capabilities in operational technology (OT) and cyber-physical systems (CPS) security. This move allows Armis to provide on-premises solutions for organizations requiring secure environments, particularly in sectors like energy and utilities. The acquisition complements Armis’ recent growth strategy and preparations for an IPO.
Affected: Armis, Otorio, and sectors such as energy, utilities, oil and gas, and manufacturing
Keypoints :
- Armis adds Otorio’s expertise to bolster security for critical infrastructure and heavy industry.
- This acquisition enables Armis to offer on-premises CPS solutions for air-gapped environments.
- Otorio is known for proactive cyber attack measures in converged and isolated environments.
- This is Armis’ third acquisition in under a year, following its purchases of CTCI and Silk Security.
- Armis recently raised 0 million, valuing the company at .2 billion and positioning for an IPO.
Source: https://www.securityweek.com/armis-acquires-otorio-to-expand-ot-and-cps-security-suite/