Honeywell Strengthens Cybersecurity Software Portfolio With Acquisition Of SCADAfence
Portfolio Pulse from Akanksha Bakshi
Honeywell International Inc has agreed to acquire SCADAfence, a provider of operational technology and Internet of Things cybersecurity solutions. The acquisition will expand Honeywell's Cybersecurity Center of Excellence in Tel Aviv and boost its OT cybersecurity portfolio. The SCADAfence product portfolio will be integrated into the Honeywell Forge Cybersecurity+ suite. The transaction is expected to close in the second half of 2023.
July 10, 2023 | 1:09 pm
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Honeywell's acquisition of SCADAfence will strengthen its cybersecurity portfolio, potentially increasing its competitiveness in the growing OT cybersecurity market. However, the financial terms of the deal were not disclosed, making it difficult to assess the immediate financial impact.
The acquisition of SCADAfence will enhance Honeywell's cybersecurity capabilities, which could make its offerings more attractive to potential customers. This could lead to increased sales and revenue in the future. However, without details on the financial terms of the deal, it's difficult to determine the immediate financial impact on Honeywell.
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