“With this investment in Nozomi Networks we are reinforcing Telefónica’s commitment to cybersecurity in industrial environments and critical assets exposed to constant and ever-changing threats.”
Telecommunications company Telefónica announced it had invested in cybersecurity provider Nozomi Networks Inc. Nozomi Networks specializes in security for operational technology and Internet of Things in industrial operations.
“With this investment in Nozomi Networks we are reinforcing Telefónica’s commitment to cybersecurity in industrial environments and critical assets exposed to constant and ever-changing threats. Monitoring and threat detection systems are highly important in helping to minimize these risks and in this field the artificial intelligence-based technology developed by Nozomi Networks is essential for our industrial customers,” Guenia Gawendo, director of Telefónica Innovation Ventures, the organization’s corporate venture capital vehicle, said in a press release.
The recent investment builds on the already established partnership between Nozomi Networks and Telefónica Tech’s cybersecurity unit ElevenPaths. This partnership enables industrial operations to gain advanced visibility and manage their security through ElevenPaths’ managed security service, integrated with Nozomi Networks’ risk management capabilities for industrial networks and critical infrastructure.
“The support of Telefónica – one of the world’s largest international telecommunications providers and a leader in developing and delivering security services – helps strengthen global awareness for Nozomi Networks technology,” Edgard Capdevielle, CEO of Nozomi Networks, said in the release. “Telefónica fully understands that it’s no longer enough simply to protect IT networks. It’s also essential to invest in detecting, monitoring and mitigating OT and IoT-related risks.”
Nozomi Networks operates in 16 countries with customers in the energy, pharmaceuticals, manufacturing, logistics and automotive industries. The company’s solution offers real-time visualization of cyber risks and helps organizations manage and improve the resilience of their industrial operations.
“The COVID-19 pandemic has accelerated the need for companies to improve the visibility of their assets and update their inventories, as they urgently obtain new devices and applications to enable the possibility of teleworking,” Pedro Pablo Pérez, CEO of ElevenPaths, Telefónica Tech’s cybersecurity company, said in the release.