In a move to help protect critical infrastructure and advance cyber security efforts globally for key industries, GE will acquire Wurldtech, a Vancouver, British Columbia-based security firm.
Privately held Wurldtech solutions and services see use in complex environments such as oil refineries, power transmission grids or for individual assets like medical devices or smart meters.
Traditional IT approaches for securing systems and data are challenging when applied to the OT world. Wurldtech solutions offer a strategic approach to cyber security that help to better protect the OT that connects people, data and machines — maximizing system uptime and mitigating exposure to vulnerabilities. This acquisition will help to enhance the reliability of Industrial Internet operations.
“The world of OT security needs to be foundationally different from traditional IT detection systems. Securing connected machines has a unique set of complexities that are very different from protecting a datacenter,” said Bill Ruh, vice president, GE Software. “At GE, we are focused on software platform security, protecting critical infrastructure and helping to ensure the reliability of Industrial Internet operations for our customers and industries. The acquisition of Wurldtech is a perfect fit for addressing all of these big challenges.”
“We are excited about the opportunity to be part of GE and continuing to develop our strategy to provide best in class cyber security protection solutions for critical infrastructure markets,” said Wurldtech Chief Executive Neil McDonnell. “We look forward to accelerating key programs as we advance cyber security for system operators and device manufacturers across the industry.”
Terms of the deal were not immediately available.