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ForeScout Acquires Industrial Security Firm SecurityMatters for $113 Million in Cash

Network access security firm ForeScout Technologies (NASDAQ:FSCT) announced on Thursday that has acquired operational technology (OT) network security firm SecurityMatters for approximately $113 million in cash.

The acquisition will help ForeScout provide deeper visibility into OT networks to help industrial firms mitigate threats and segment IT and OT environments, the company said.

Founded in 2009 by Damiano Bolzoni, Sandro Etalle and Emmanuele Zambon, SecurityMatters provides organizations with device visibility, continuous network monitoring, and threat and anomaly detection for industrial environments using passive network monitoring that doesn’t impact operations. 

The two companies announced a technology integration partnership earlier this year.

ForeScout’s CounterACT visibility platform, combined with SecurityMatters’ technology, enables agentless device discovery, classification and assessment for a wide variety of devices across IT and OT infrastructure. 

ForeScout has more than 2,900 customers in over 80 countries that use its solutions, which help accelerate incident response, automate workflows and optimize existing security investments.

Late last month ForeScout launched a partnership with industrial networking and security firm Belden. 

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For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.