Honeywell to Acquire SCADAfence, Strengthening its Cybersecurity Software Portfolio; Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Honeywell (NASDAQ:HON) has announced its agreement to acquire SCADAfence, a leading provider of operational technology and Internet of Things cybersecurity solutions. The acquisition will strengthen Honeywell's cybersecurity software portfolio.
July 10, 2023 | 11:18 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Honeywell's acquisition of SCADAfence will enhance its cybersecurity software portfolio, potentially increasing its market share in the cybersecurity sector.
The acquisition of SCADAfence, a leading provider of cybersecurity solutions, will strengthen Honeywell's cybersecurity software portfolio. This could potentially increase Honeywell's market share in the cybersecurity sector, leading to increased revenues and a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100