Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Funding/M&A

Microsoft Acquires Industrial Cybersecurity Company CyberX

Microsoft announced on Monday that it has acquired industrial cybersecurity company CyberX in an effort to expand its Azure IoT security capabilities and extend them to industrial IoT (IIoT) and operational technology (OT) systems.

Microsoft announced on Monday that it has acquired industrial cybersecurity company CyberX in an effort to expand its Azure IoT security capabilities and extend them to industrial IoT (IIoT) and operational technology (OT) systems.

Financial terms of the deal have not been disclosed, but Israel’s Globes reported in early May that Microsoft had been preparing to buy CyberX for $165 million.

Rumors of the acquisition emerged just weeks after CyberX announced new integrations with Microsoft Azure Security Center for IoT in an effort to provide organizations a unified view across their IoT devices.

Microsoft acquires CyberX

Microsoft now says it’s integrating CyberX technology with the Azure IoT stack, Azure Security Center for IoT, and Azure Sentinel in an effort to “provide a simpler approach to unified security governance across both IT and industrial networks, as well as end-to-end security across managed and unmanaged IoT devices, enabling organizations to quickly detect and respond to advanced threats in converged networks.”

The two main challenges that Microsoft is hoping to address through this acquisition is to give customers visibility into the IoT devices currently connected to their network and manage the security of these devices.

CyberX founders Omer Schneider and Nir Giller will join Microsoft and CyberX’s staff will continue to work on improving the platform, which will still be available after the acquisition for cloud and air-gapped networks.

“By joining forces with Microsoft, we will rapidly scale our business and technology to securely enable digital transformation for many more organizations,” said Giller, who has served as international GM and CTO at CyberX. “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.”

Founded in 2013, CyberX has raised $48 million across five funding rounds. The company has developed IoT and OT security solutions that provide asset management, network segmentation, risk and vulnerability management, threat monitoring and detection, SOC integration, and centralized management capabilities.

Advertisement. Scroll to continue reading.

Related: Tenable Acquires OT Security Firm Indegy for $78 Million

Related: Rockwell Automation to Acquire Cybersecurity Firm Avnet

Related: Dragos Acquires NexDefense, Releases Free ICS Assessment Tools

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

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...

IoT Security

A group of seven security researchers have discovered numerous vulnerabilities in vehicles from 16 car makers, including bugs that allowed them to control car...

CISO Conversations

In this issue of CISO Conversations we talk to two CISOs about solving the CISO/CIO conflict by combining the roles under one person.

CISO Strategy

Security professionals understand the need for resilience in their company’s security posture, but often fail to build their own psychological resilience to stress.