By Gregory Hale
Honeywell is continuing its growth in the cybersecurity market, as it inked a deal Monday for industry security provider, Nextnine.
This move comes on the heels of Honeywell saying it was going to build an industrial cyber security center of excellence (CoE) for Asia Pacific in Singapore.
The addition of Nextnine’s security solutions and secure remote service capabilities will enhance the Honeywell’s existing range of security technologies and increase its Connected Plant customer base.
Nextnine’s flagship technology, ICS Shield, protects industrial sites from cybersecurity attacks and enables remote monitoring of assets.
ICS Shield works with Honeywell’s security portfolio with a solution used at more than 6,200 sites globally across the oil and gas, utility, chemical, mining and manufacturing sectors. Previously, ICS Shield had to be deployed separately for each control system vendor, resulting in multiple and separate installations at a single customer site. With this acquisition, users can deploy and operate a single system through Honeywell providing multi-vendor solutions.
Founded in 1998, Nextnine has been backed to date by Infinity VC, XT Hi-Tech and several other prominent investors.
“Each day, the number of attempted cyber attacks on industrial facilities and critical infrastructure around the world increases,” said Vimal Kapur, president of Honeywell Process Solutions. “This acquisition shows our ongoing commitment to providing our customers with a comprehensive portfolio of cyber security solutions to protect and defend their industrial control systems and process control networks. Honeywell’s extensive global reach will increase Nextnine’s availability to a broader range of customers.”
Nextnine’s security solutions also will be an enabler of Honeywell Connected Plant, which combines Honeywell’s industrial knowledge, software and digital technologies to make its customers’ operations more reliable, profitable and secure.
Terms of the deal were not immediately available.
Last week, Honeywell also said in keeping its pledge to grow its presence in the cybersecurity market, it was going to build an industrial cyber security center of excellence (CoE) for Asia Pacific in Singapore.
Scheduled to open by the end of 2017, Honeywell said the facility will feature a cyber security research and development lab, an advanced training facility and a security operations center (SOC) to support its managed security services.
The new facility in Singapore, which is the first for the Asia Pacific region, is a further expansion of Honeywell’s global network of innovation centers — the first which is based in Atlanta, USA.
Honeywell will also open a similar facility in Dubai later this year.