Connect with us

Hi, what are you looking for?



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.

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.

Advertisement. Scroll to continue reading.

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.

Related: Microsoft Acquires Industrial Cybersecurity Company CyberX

Related: OPSWAT Acquires Industrial Cybersecurity Firm Bayshore Networks

Related: Industrial Cybersecurity Firm Applied Risk Acquired by DNV

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.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.


Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.


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...

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...

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.


Thirty-five cybersecurity-related M&A deals were announced in February 2023


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

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.