Honeywell, a global leader in technology and manufacturing, has announced its agreement to acquire SCADAfence, a provider of operational technology (OT) and Internet of Things (IoT) cybersecurity solutions.
The acquisition aims to enhance Honeywell’s ability to monitor and secure large-scale networks, particularly in the industrial sector.
With the OT cybersecurity industry expected to exceed $10 billion in the coming years, protecting industrial systems from cyber threats is of paramount importance. Cyberattacks targeting OT systems can result in significant unplanned downtime, leading to substantial revenue losses in industries such as manufacturing and critical infrastructure.
By acquiring SCADAfence, Honeywell gains access to capabilities in asset discovery, threat detection, and security governance. SCADAfence’s product portfolio will be integrated into the Honeywell Forge Cybersecurity+ suite within Honeywell Connected Enterprise, the company’s software arm focused on digitalization, sustainability, and OT cybersecurity solutions.
This integration will enable Honeywell to offer an end-to-end enterprise OT cybersecurity solution, supporting site managers, operations management, and chief information security officers (CISOs) in their security management efforts, says Kevin Dehoff, President and CEO of Honeywell Connected Enterprise.
The acquisition reinforces Honeywell’s existing cybersecurity capabilities and expands its high-growth OT cybersecurity portfolio. This development empowers customers to operate their OT environments more securely, reliably, and efficiently.
SCADAfence, headquartered in Tel Aviv, Israel, will contribute to the expansion of Honeywell’s Cybersecurity Center of Excellence in Tel Aviv. Honeywell has a global team of over 500 professionals dedicated to OT cybersecurity.