Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Funding/M&A

Rockwell Automation to Acquire Cybersecurity Firm Avnet

Rockwell Automation on Wednesday announced that it has entered an agreement to acquire Israel-based cybersecurity solutions provider Avnet Data Security in an effort to expand its cybersecurity expertise.

Rockwell Automation on Wednesday announced that it has entered an agreement to acquire Israel-based cybersecurity solutions provider Avnet Data Security in an effort to expand its cybersecurity expertise.

Founded in 1995, Avnet provides a wide range of services and solutions for IT and OT environments, including penetration testing, assessments, training, and network and security products.

In terms of ICS and SCADA security, Avnet specializes in consultancy, training and research. The company claims to have assisted major utilities and other organizations secure their OT networks.

Rockwell Automation says it has decided to acquire Avnet because its extensive knowledge and experience will support its objective to “achieve double digit growth in Information Solutions and Connected Services by expanding our IT/OT cyber and network expertise globally.”

Frank Kulaszewicz, senior VP of Control Products & Solutions at Rockwell Automation, commented, “Avnet’s combination of service delivery, training, research, and managed services will enable us to service a much larger set of customers globally while also continuing to accelerate our portfolio development in this rapidly developing market.”

Financial terms of the deal have not been disclosed, but Rockwell says it does not expect the acquisition to have a material impact on its 2020 financial results. The acquisition is expected to close in early 2020.

“We are excited to join Rockwell Automation to further expand their already robust cyber offering,” said Igal Cohen, CEO of Avnet. “We are continuing to serve our existing clients while expanding our reach to service a much broader range of customers. Our passion and mission have always been to help as many organizations as possible secure their data from internal and external threats.”

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

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

Related: Cisco to Acquire OT Security Firm Sentryo

Written By

Eduard Kovacs (@EduardKovacs) is a contributing 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

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 this webinar to learn best practices that organizations can use to improve both their resilience to new threats and their response times to incidents.

Register

Join this live webinar as we explore the potential security threats that can arise when third parties are granted access to a sensitive data or systems.

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.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Cybersecurity Funding

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

Funding/M&A

More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.

Funding/M&A

Forty cybersecurity-related M&A deals were announced in January 2023.

CISO Strategy

Cybersecurity-related risk is a top concern, so boards need to know they have the proper oversight in place. Even as first-timers, successful CISOs make...