ForeScout Buys SecurityMatters for
November 12, 2018
Technologies has acquired SecurityMatters, a global leader in
operational technology (OT) network protection, for approximately $113
million in cash, subject to customary adjustments. The acquisition will
bolster ForeScout’s global leadership position in agentless device
visibility and control across the extended enterprise with expanded
capabilities and advanced features to secure OT and industrial
“ForeScout’s acquisition of SecurityMatters is a natural fit as it takes
us deeper into a market where we have an established foothold and are
seeing explosive customer demand,” said Michael DeCesare, CEO and
president, ForeScout Technologies. “SecurityMatters’ technology and
talent will accelerate our success in securing OT, expand our total
addressable market and reinforce our solution as the industry’s only,
end-to-end agentless device visibility and control platform.”
The convergence of IT and OT is driving a rapid rise of
interconnectivity and introducing new risks for enterprises as OT
networks may no longer be physically segregated from the IT network.
Recent cyberattacks, such as WannaCry, NotPetya and Triton, demonstrated
how vulnerable OT networks can result in significant business disruption
and financial loss. According to Forrester research, 79 percent of
organizations with a SCADA/ICS network have suffered a breach in the
past 24 months.
“Virtually every company with OT needs to rethink its cybersecurity
strategy,” said Damiano Bolzoni, founder and CEO, SecurityMatters.
“After partnering with ForeScout for the last year, it became clear that
we shared the same vision. Now as a single company, we will be able to
accelerate our momentum and create the industry’s first capability to
truly segment IT and OT environments.”
Founded in 2009, SecurityMatters provides organizations with device
visibility, continuous network monitoring, and threat and anomaly
detection specific to operational technology and industrial environments
using passive collection techniques that don’t impact operations. Its
solution protects networks from the widest range of threats utilizing
patented technology and with a library of over 1600 ICS-specific threat
ForeScout’s acquisition of SecurityMatters will enable its vision to:
Provide deeper visibility into OT and ICS environments.
SecurityMatters’ passive network monitoring and protocol analysis
combined with ForeScout’s leading visibility platform will enable device
discovery, classification and assessment for the full spectrum of
devices across IT and OT.
end-to-end OT risk awareness and compliance management. Merging
SecurityMatters’ passive assessment capabilities with ForeScout’s
passive and active inspection for Windows, Linux and all other IT/IoT
devices, will allow security teams to have a complete view of their risk
profile and compliance state for the entirety of their OT environments
for the first time.
Enable dynamic network
segmentation across the entire enterprise. By identifying and
classifying OT network traffic, SecurityMatters will help ForeScout
extend its segmentation and policy orchestration vision to OT devices
Automate rapid detection and
incident response for OT. Improve threat response by leveraging
SecurityMatters’ detection engine for ICS-specific threat indicators and
behavioral anomalies in conjunction with ForeScout’s contextual
understanding of IT layers, and ability to orchestrate remediation
through its vast technology partner ecosystem.