Armis Buys Otorio for $120M to Beef up Cybersecurity in Physical Spaces
Armis is acquiring Otorio, a specialist in securing industrial and physical environments, for $120 million in cash and shares. The deal will integrate Otorio's flagship product, Titan, into Armis' Centrix platform, expanding its focus from cloud services to industrial machinery and wider industrial environments. By combining their technologies, Armis aims to provide more comprehensive cybersecurity solutions across various physical spaces.
- This acquisition highlights the growing trend of consolidation in the security industry, as platform players seek to strengthen their capabilities by acquiring complementary technologies.
- What role will the increasing importance of IoT devices in industrial environments play in shaping the future of cybersecurity and the need for specialized solutions like Otorio's Titan?