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ForeScout Acquires Industrial Security Firm SecurityMatters for $114 Million in Cash

Network access security firm ForeScout Technologies (NASDAQ:FSCT) announced on Thursday that has acquired operational technology (OT) network security firm SecurityMatters for approximately $113 million in cash.

The acquisition will help ForeScout provide deeper visibility into OT networks to help industrial firms mitigate threats and segment IT and OT environments, the company said.

Founded in 2009 by Damiano Bolzoni, Sandro Etalle and Emmanuele Zambon, SecurityMattersprovides organizations with device visibility, continuous network monitoring, and threat and anomaly detection for industrial environments using passive network monitoring that doesn’t impact operations.

The two companies announced a technology integration partnership earlier this year.

ForeScout’s CounterACT visibility platform, combined with SecurityMatters’ technology, enables agentless device discovery, classification and assessment for a wide variety of devices across IT and OT infrastructure.

ForeScout...(continued)

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