OPSWAT, a critical infrastructure protection (CIP) solutions provider, has acquired operational technology (OT) and industrial control systems (ICS) security company Bayshore Networks. With the acquisition, OPSWAT will integrate Bayshore's products and teams into its offerings and use them to extend its CIP capabilities to OT and ICS environments, the company said.
This is M&A deal 427 that MSSP Alert and ChannelE2E have covered so far in 2020. See the full M&A deal list here.
The Bayshore acquisition highlights OPSWAT's commitment to provide global organizations with comprehensive CIP solutions, OPSWAT CEO Benny Czarny stated. It extends OPSWAT's CIP mission to OT and is expected to help the company accelerate its growth.
Bayshore provides the OTfuse intelligent industrial intrusion prevention system (IPS). Organizations can use OTfuse to protect Internet of Things (IoT) systems and other systems and devices against unplanned or unauthorized use and remote takeovers.
Along with OTfuse, Bayshore offers NetWall USG unidirectional and bidirectional security gateways for IT and OT environments. Bayshore also provides the OTaccess secure remote access solution and Scrutiny OT asset discovery and flow visualization tool.
OPSWAT Adds to Executive Team, Received $125 Million Growth Investment
The Bayshore acquisition comes after OPSWAT in May 2021 hired Mike Barker as its COO and Eric Spindel as its general counsel and corporate secretary. Barker and Spindel are helping OPSWAT bolster its international operations and legal compliance, the company indicated.
Barker has held various senior leadership positions in sales, marketing, operations and information technology. He has worked at Juniper Networks, Extreme Networks and other technology companies.
Meanwhile, Spindel has more than 20 years of international business and legal experience for both public and privately held companies. He most recently served as general counsel and corporate secretary at SaaS security company Cyren.
Also, OPSWAT in March 2021 secured a $125 million growth investment from Brighton Park Capital. The company is using the investment to expand its sales, marketing, customer success and business operations efforts, drive innovation in its research and development and pursue strategic acquisitions, according to a prepared statement.
