OT cybersecurity company CyberX acquired by Microsoft

OT cybersecurity company CyberX acquired by Microsoft

OT cybersecurity company CyberX’s platform will be integrated with Microsoft’s Azure IoT stack, Azure Security Center for IoT, and Azure Sentinel.

On June 22, Microsoft announced it had acquired CyberX, a cybersecurity company specializing in operational technology and Internet of Things technology. Rumors of the CyberX acquisition began earlier this year and in May multiple news outlets reported Microsoft and the OT cybersecurity  company were in negotiations.

“CyberX’s technology and team are a great addition to Microsoft,” Michal Braverman-Blumenstyk, Microsoft Corporate Vice President, Cloud & AI Security CTO, and Israel R&D Center GM, said in a press release. “With CyberX’s expertise and innovative platform, together with Microsoft’s exciting security products, Microsoft is offering a powerful and scalable solution that accelerates digitalization for enterprises at all phases of their IoT/OT journey.”

As part of the partnership, CyberX’s platform will be integrated with Microsoft’s Azure IoT stack, Azure Security Center for IoT, and Azure Sentinel, the first security information and event management system with native IoT support. This integration will provide Microsoft customers with  a simpler approach to unified security governance for both IT and industrial networks. Customers will now be able to cybersecurity threats in converged networks with end-to-end security across managed and unmanaged IoT devices.

“By joining forces with Microsoft, we will rapidly scale our business and technology to securely enable digital transformation for many more organizations,” Nir Giller, co-founder, GM International, and CTO of CyberX, said in the release. “Together, CyberX and Microsoft provide an unbeatable solution for gaining visibility and a holistic understanding of risk for all IoT and OT devices in your enterprise.”

Under the terms of the acquisition CyberX’s founders will join Microsoft and the OT cybersecurity company’s platform will continue to be enhanced and supported by CyberX personnel. The CyberX platform will continue to be available in a hybrid model supporting both cloud-connected and air-gapped networks.

“Nir and I founded CyberX with the goal of delivering a scalable solution that would be easy to deploy and reduce risk for enterprises worldwide,” Omer Schneider, co-founder and CEO of CyberX, said in the release. “We’re thankful to our loyal customers and partners as well as to our dedicated employees whose innovation and hard work made it possible for us to reach this important milestone, and also to our investors for their ongoing support.”

Reports indicate the price to acquire the OT cybersecurity company was around $165 million.

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