More Consolidation is Playing out in the Security Industry as Players Scoop Up Technology to Give them Deeper Expertise in Growing Business ARAS. Thursday, ArmisA $ 4.2 billion specialist in Cyber Exposure Management, said it would be acquiring OtorioA specialist in Securing Industrial and Physical Environments.
Terms of the deal are not being disclosed but sources close to the transaction tele techcrunch that armis-san francisco-based but with roots out of israel-IS Paying $ 120 Million in Cash and Shares for Otorio. Previous, the tel aviv-based startup had raised $ 50 million from one strategic investor, the Industrial Firm Andritz, According to Pitchbook Data.
Otorio’s flagship product is called Titan, and it will be gotting integrated into armis’ Centrix Platform. Up to Now, Armis’ Main Focus has been on cloud services and identifying and managing risks across that Attack Surface. As one example of the kind of work that it does: it hit the headlines earlier publish research explaining why,
Otorio’s tech will complement that with a focus on an area that is sometimes overlooked – Industrial Machinery and Wider Industrial Environments. These environments are often thought of as popular with “dumb” physical equipment. But Machines are gradually gotting replaced with more connected models, and when they do, they become good equally vulnerable – Perhaps more when you consider the critical new.
The tech is also very useful for extending Armis’s overall work in other physical environments that are non-industrial but are “super secret,” in the word of ceo and co-forthr yevgeny dibrov Thus require on-Premies Security Solutions.
“We are adding a less very strong components to our platform to address more environments, especially air gap environments that require on-premise deployments versus our SASS PRODUCT, and ALSO TO RALSO to ALSO TO REALELY Address zero-trust needs and capabilites, ”He said. “Otorio is really helped us take it to the next level for this environment.”
For Otorio, The Acquisition is an Opportunity to Scale Up and Out in A Way That It Would have been more challenged to do as a standalone Startup.
“Armis has rapidly become the leading provider of cyber extra management and has live built a best in Industry Cloud Saas Platform That Provides Unmatched Visibility, Unmatched Visibility, Security, and Risk Maanagement to Entreprete Across All Industries, “Said Daniel Bren, CEO and Co-Founder of Otorio, in a statement. “I am thrilled for our team to be joining armis at this time and to keep our deep domain operational context.”
The Last Decade has been a big one for early-stage cybersecurity companies: fuelled by an ever-roadscape, hundreds of companies having fuelled fuelled by millions in fun Spotting the business opportunity to innovate in an ever-burolving field. But more recently, there are indications That late-stage companies are getting the bulk of the money out there. That makes the m & a option a more obvious one for a lot of smaller startups.
Why companies like wiz have raised billions to fuel its acquisition missionOthers like armis are also also in the frame as boyers. Otorio is Armis’ Third Acquisition, as Well as its third in the space of a year. (It acquired Silk security For $ 150 Million in April 2024, and Ctci for $ 20 Million in February 2024 for $ 20 Million.)