Microsoft announces the acquisition of CyberX, a cyber security startup focused mainly of IoT (Internet of Things) and OT – Operational Technology. CyberX also announced that they are now a Microsoft company which is also put up in their website. This acquisition helps to enable unified security across all IT and industrial networks.
Omer Schneider, the CEO and Co-founder of CyberX said that “Nir and I founded CyberX with the goal of delivering a scalable solution that would be easy to deploy and reduce risk for enterprise worldwide”.
“We are thankful to our loyal customers and partners as well as our dedicated employees whose innovation and hard work made it possible for us to reach this important milestone and also to our investors for their ongoing support”.
It is said by different sources that the acquisition will be around $165 million. Microsoft will be integrating the CyberX platform to the Azure IoT stack, Azure Centinel and Azure security centre and thus will be able to provide a simpler approach to security governance towards IT and Industrial sectors. They will also be capable of providing end-to-end security for IoT devices. This will enable the organizations to detect and act immediately in case of cybersecurity threats.
CyberX will enable the customers to digitally map all their devices on a particular floor or the whole building thus allowing them to analyse and understand the vulnerability of their devices.
According to Michal Braverman-Blumenstic, CTO,CVP Cloud+AI Security and Sam George, CVP, Cloud + AI Azure IoT, “Gaining this visibility is not only critical for understanding where security risks may exist and then mitigating their risks, but it is also a fundamental step to securely enabling smart manufacturing, smart grid and other digitization use cases across production facilities and supply chain.”
Microsoft have already invested around $5 Billion for Internet of Things since the last couple of years.
Julia White, corporate vice president, Microsoft Azure said in the blog that, “We have been invested in IoT before the term was coined when enterprises had these endpoints in their factories, building and other devices that were totally dark. Today we are planning to dedicate even more resources to research and innovation in IoT and what is ultimately evolving to be the new intelligent edge. With our IoT platforms spanning cloud, OS and devices, we are uniquely positioned to simplify the IoT so any customer- regardless of size, technical expertise, budget, industry or other factors can create trusted, connected solutions that improve business and customer experiences as well as daily lives of people all over the world”.