Forescout Acquires Healthcare IoT Security Software Firm CyberMDX

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Forescout Technologies, backed by private equity firm Advent International, has acquired CyberMDX, a healthcare cybersecurity provider that protects IT, IoT, OT and IoMT devices. Financial terms of the deal were not disclosed.

This is technology M&A deal number 148 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. See more than 1,000 technology M&A deals for 2022, 2021, and 2020 listed here.

CyberMDX has 69 employees listed on LinkedIn. The startup had been venture backed, raising $20 million in April 2020 and $10 million in July 2018.

Key CyberMDX partners include Aspire Technology Partners, an MSP that leverages CyberMDX to protect IoT systems in the healthcare sector, MSSP Alert reported in January 2022.

Related From SC Media: Forescout and CyberMDX CEOs Describe M&A Priorities

Forescout Acquires CyberMDX: Medical IoT Security Focus

Together, Forescout and CyberMDX offer software that address IoT device visibility, classification, threat detection and incident response for healthcare organizations, the buyer indicated.

The CyberMDX acquisition aligns with another Forescout acquisition — the Security Matters buyout of 2018. Security Matters provides visibility and risk management for OT systems.

And over the years, Forescout has achieved scale in the IoT device security market. Indeed, Forescout’s Device Cloud database contains over 15 million device fingerprints, the company indicated.

Forescout also has IT management partnerships. Key moves include:

  • A Tanium integration, which offers “real-time visibility and control across the extended enterprise: campus, datacenter, remote workers, cloud, mobile, OT and IoT,” the two companies said.
  • CyberArk integration, which enable CyberArk customers to use Forescout capabilities to secure their IoT devices.

The Forescout partner program spans distributors, resellers, service delivery partners, global systems integrators, technology and ICS (industry automation and control systems) companies.

Forescout Buys CyberMDX: Executive Perspectives

In a prepared statement about the deal, Forescout CEO Wael Mohamed said:

“Forescout is seeing rapid growth in healthcare, a market the company has always focused attention on from a technology and sales perspective. Cybersecurity for IoMT, much like cybersecurity for OT devices, requires specific expertise and technologies. We are pleased to have the CyberMDX team join Forescout as we continue delivering new capabilities on our market-leading platform and grow our R&D center.”

Added Amir Magner, president and co-founder of CyberMDX:

“CyberMDX enables hospitals to provide quality care by securing and protecting the systems and devices they rely on every day to treat patients and save lives. We are thrilled to join the Forescout team where our innovation can continue to make a profound difference to healthcare organizations around the world.”

Forescout’s Private Equity Backing

Private equity firm Advent International acquired Forescout for $1.4 billion in July 2020.

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