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ForeScout acquires OT security firm SecurityMatters for $113 million
From: InfoSec News <alerts () infosecnews org>
Date: Tue, 13 Nov 2018 07:22:57 +0000 (UTC)
https://www.cyberscoop.com/forescout-securitymatters-113m-acquisition/ By Zaid Shoorbajee CYBERSCOOP NOV 9, 2018ForeScout 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.
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