TU/e spin-off SecurityMatters acquired for $113 million.

ForeScout Technologies acquires the Eindhoven-based company SecurityMatters for 113 million dollars. SecurityMatters was founded in 2009 and is a spin-off of the Eindhoven University of Technology. The company provides network security for operational technology (OT), where computers can adjust physical states of systems.

“Virtually every company with OT needs to rethink its cybersecurity strategy,” said Damiano Bolzoni, founder and CEO, SecurityMatters. “After partnering with ForeScout for the last year, it became clear that we shared the same vision. Now as a single company, we will be able to accelerate our momentum and create the industry’s first capability to truly segment IT and OT environments.”

“ForeScout’s acquisition of SecurityMatters is a natural fit as it takes us deeper into a market where we have an established foothold and are seeing explosive customer demand,” said Michael DeCesare, CEO and president, ForeScout Technologies. “SecurityMatters’ technology and talent will accelerate our success in securing OT, expand our total addressable market and reinforce our solution as the industry’s only, end-to-end agentless device visibility and control platform.”

Source: Innovation Origins, Frans van Beveren