Armis Strikes Gold with $120M Otorio Acquisition: Boosting Cyber-Physical Security in Air-Gapped Environments
Armis, a California cyber exposure management firm, has acquired Otorio for $120 million, enhancing its operational technology and cyber-physical systems security offerings. This move allows Armis to provide an on-prem CPS solution for air-gapped environments, crucial for heavy industry. This is Armis’ third acquisition in under a year.
Hot Take:
Armis is buying up cybersecurity firms like they’re on clearance sale at a tech mall! With this latest acquisition of Otorio, they’re not just securing the digital realm—they’re building a fortress around it. If you need a cyber bodyguard to tackle your air-gapped environments, Armis might just be your new best friend. They’re like the Avengers of cybersecurity, assembling tech heroes for a safer tomorrow.
Key Points:
- California-based Armis acquires Otorio for around $120 million.
- Otorio specializes in operational technology (OT) and cyber-physical systems (CPS) security.
- The acquisition enables Armis to offer on-premises CPS solutions for air-gapped environments.
- This is Armis’ third acquisition in under a year, following CTCI and Silk Security.
- Armis recently raised $200 million, valuing the company at $4.2 billion, and is eyeing an IPO.
Already a member? Log in here