On July 10, 2023, Honeywell announced that it had agreed to acquire SCADAfence. SCADAfence will be integrated into the Honeywell Forge Cybersecurity+ suite, providing expanded asset discovery, threat detection and compliance management capabilities. SCADAfence expands Honeywell's OT cybersecurity portfolio to build out its comprehensive range of professional services, managed security services and software solutions.
SCADAfence is a leading OT and IoT cybersecurity solution provider, specializing in monitoring large-scale cybersecurity. In terms of asset management, SCADAfence can provide the key support of network security for industrial and construction industries.
“OT assets are fundamentally different from assets in IT environments because they are domain-specific,” said Kevin Dehoff, president and CEO of Honeywell Connected Enterprise. “Protecting and maintaining the integrity of operating systems such as process control equipment in production facilities Critical. A simple breach in an OT environment can pose a security and business continuity risk to organizations of all sizes. Honeywell started its cybersecurity business more than 20 years ago and continues to serve customers Having supplied and installed these systems for decades, this addition to SCADAfence's product portfolio will strengthen our ability to help our customers protect against increasing cybersecurity risks."
The SCADAfence portfolio will be integrated into the Honeywell Forge Cybersecurity+ suite within Honeywell Connected Enterprise, Honeywell's fast-growing software division with a strategic focus on digital, sustainability and OT cybersecurity SaaS products and solutions. This integration will enable Honeywell to provide an end-to-end enterprise OT cybersecurity solution for field managers, operations management and CISOs seeking enterprise security management and situational awareness. The acquisition strengthens existing cybersecurity capabilities and strengthens Honeywell's high-growth OT cybersecurity portfolio, helping customers operate more securely, reliably and efficiently.
"SCADAfence is an ideal addition to Honeywell's OT cybersecurity portfolio, and when combined with the Honeywell Forge Cybersecurity+ suite, it enables us to provide end-to-end security for Honeywell's industry-critical assets, sites and enterprises," said Dehoff. end-to-end solutions. By enhancing our cybersecurity portfolio, we are accessing a growth engine that will enable our customers to more securely operate their OT environments and help avoid outages and potentially catastrophic events."
Elad Ben Meir, Chief Executive Officer of SCADAfence, said: "We are excited to join Honeywell as we commit to our mission of enabling industrial organizations to operate safely, securely and efficiently. This combination creates significant growth opportunities, enabling We are able to combine our top-tier OT cybersecurity offerings with one of the world's leading industrial software companies. With this acquisition, we are poised to offer some of the most advanced OT security technologies to Honeywell's broad customer base, supporting Honeywell Forge Comprehensive offering for Cybersecurity+. We remain committed to actively serving and supporting our customers across all verticals and geographies in which we currently operate."
Headquartered in Tel Aviv, Israel, SCADAfence will expand Honeywell's Cybersecurity Center of Excellence in Tel Aviv. The transaction is expected to close in the second half of 2023, subject to customary closing conditions, including receipt of certain regulatory approvals.
