ForeScout acquires OT security firm SecurityMatters for $113 million

[InfoSec News <alerts () infosecnews org>]

https://www.cyberscoop.com/forescout-securitymatters-113m-acquisition/

By Zaid Shoorbajee
CYBERSCOOP
NOV 9, 2018

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.

[...]



--
Subscribe to InfoSec News
https://www.infosecnews.org/subscribe-to-infosec-news/
https://twitter.com/infosecnews_