Funding/M&A

Sabanci Group Acquires Majority Stake in OT Security Firm Radiflow for $45 Million

Turkey-based industrial and financial conglomerate Sabanci Group has signed an agreement to acquire a majority stake in operational technology (OT) cybersecurity company Radiflow for $45 million.

Eduard Kovacs

April 29, 2022

Turkey-based industrial and financial conglomerate Sabanci Group has signed an agreement to acquire a majority stake in operational technology (OT) cybersecurity company Radiflow for $45 million.

Israel-based Radiflow provides cybersecurity solutions for critical infrastructure networks, including risk management, visibility and anomaly detection, and secure access products.

Sabanci Group is initially buying a 51% stake in Radiflow for $45 million, and it plans on fully acquiring the company in 2025.

The acquisition will be made through Dx Technology Services and Investment BV (DxBV), a new digital services-focused investment firm established by Sabanci in the Netherlands.

Learn More About Industrial Security Products at SecurityWeek’s ICS Cyber Security Conference

“This acquisition will allow us to enhance our portfolio and strengthen our positioning in critical industries,” said Ilan Barda, CEO of Radiflow.

“We believe that the next phase in OT Risk Management is based on industry benchmarks and our collaboration with the Sabanci group subsidiaries will provide us in-depth insights to various industrial sectors and will enable us to continue and provide our customers leading-edge solutions,” Barda added.

Barda noted that the deal with Sabanci will not impact day-to-day operations and interactions with partners and customers.

A study conducted by SecurityWeek showed that of the 430 cybersecurity M&A deals announced in 2021, nine involved companies that provide industrial security solutions.

Written By Eduard Kovacs

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.

Latest News

Click to comment

Mapping Threat Intelligence to the NIST Compliance Framework Part 2

How threat intelligence is critical when justifying budget for GRC personnel, and for threat intelligence, incident response, security operations and CISO buyers.

Landon Winkelvoss

Password Dependency: How to Break the Cycle

Hackers rarely hack in anymore. They log in using stolen, weak, default, or otherwise compromised credentials. That’s why it’s so critical to break the password dependency cycle. But how can this be done?

Torsten George

Why CISOs Make Great Board Members

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 for successful board members.

Galina Antova

A Change in Mindset: From a Threat-based to Risk-based Approach to Security

A threat-based approach to security often focuses on a checklist to meet industry requirements but overlooked the key component of security: reducing risk.

Marie Hattar

Secrets to a Good Security Webinar or Conference Presentation

Tips for making a presentation that will help improve the state of security programs and reflect favorably on the presenters and their companies

Joshua Goldfarb

Application Security

Source Code Security Firm Cycode Launches With $4.6 Million in Funding

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

Eduard KovacsSeptember 24, 2019

Cybersecurity’s Rising Business Importance and Why CISOs Make Great Board Members

CISO Strategy

Why CISOs Make Great Board Members

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...

Galina Antova6 days ago