Honeywell has announced that it will acquire SCADAfence, a provider of operational technology and IoT cybersecurity solutions for monitoring large-scale networks.

Protecting business continuity

According to Honeywell, SCADAfence brings proven capabilities in asset discovery, threat detection and security governance which are key to industrial and buildings management cybersecurity programs.

“It is essential to protect and maintain the integrity of operational technology systems like process control equipment in manufacturing facilities. A simple breach in the operational technology environment has the potential to create safety and business continuity risk for organizations of all sizes,” said Kevin Dehoff, President and CEO, Honeywell Connected Enterprise.

“Operational technology assets are inherently different than those in the IT environment as they are domain specific. Honeywell has been delivering and installing these systems for decades, which is why we launched our cybersecurity business more than 20 years ago. Adding SCADAfence’s product portfolio will strengthen our capabilities and help our customers defend themselves against cybersecurity risks which are progressively increasing.”

Integration

Honeywell says that the SCADAfence product portfolio will integrate into the Honeywell Forge Cybersecurity+ suite within Honeywell Connected Enterprise, the company’s software arm with strategic focus on digitalization, sustainability and operational technology cybersecurity SaaS offerings and solutions.

This integration will enable Honeywell to provide an end-to-end enterprise operational technology cybersecurity solution to site managers, operations management and CISOs seeking enterprise security management and situational awareness.

“SCADAfence is an ideal complement to Honeywell’s operational technology cybersecurity portfolio and when combined with the Honeywell Forge Cybersecurity+ suite, it enables us to provide an end-to-end solution with applicability to asset, site and enterprise across key Honeywell sectors,” said Dehoff.

“By enhancing our cybersecurity portfolio, we are accessing a growth engine and enabling our customers to operate their operational technology environments more securely and help to avoid disruption and possible catastrophic events.”

Advanced security

“We are thrilled to join Honeywell as we work towards fulfilling our mission of empowering industrial organizations to operate securely, reliably and efficiently. This combination creates significant opportunity for growth, allowing us to combine our top-tier operational technology cybersecurity products with one of the world’s leading companies in industrial software,” said Elad Ben Meir, CEO, SCADAfence.

“With this acquisition, we are poised to deliver some of the most advanced operational technology security technology to Honeywell’s broad customer base, bolstering the comprehensive Honeywell Forge Cybersecurity+ offering. We remain committed to proactively serving and supporting our customers across all verticals and geographies where we currently operate.”

The transaction is expected to close in the second half of 2023, subject to customary closing conditions.