Cybersecurity firm Trend Micro and industrial networking solutions provider Moxa on Thursday announced plans to form a joint venture corporation focusing on securing industrial internet of things (IIoT) environments.
The new company, TXOne Networks, will offer security gateways, endpoint agents and network segmentation solutions designed to help organizations secure, control and monitor equipment and operational technology (OT).
Each company will provide funds, intellectual capital and staff, with Trend Micro bringing cybersecurity expertise and Moxa contributing over 30 years of industrial networking and protocol expertise.
TXOne Networks aims to help secure smart manufacturing, smart city, smart energy and other IIoT environments. Trend Micro and Moxa noted that securing these types of environments is challenging considering that they require multiple layers of protection in both IT and OT networks and between them.
The new company will also offer professional services, including risk assessment, breach response, and threat intelligence from Trend Micro and the Zero Day Initiative (ZDI).
Trend Micro will be a majority owner in the joint venture, which will be led by Trend Micro Vice President Dr. Terence Liu.
“With this joint venture, Moxa and Trend Micro will position TXOne Networks as a global leader in the industry to create effective IIoT security solutions that help ensure IIoT applications and critical infrastructures are secure,” said Andy Cheng, Strategic Business Unit President for Moxa. “We are excited about the partnership, and industrial automation customers around the globe will be able to reap the benefits of having a holistic OT/IT security solution to protect assets and reduce operational risk.”