Armis Expands Cybersecurity Portfolio with Acquisition of OTORIO
In a significant move to bolster its cybersecurity offerings, Armis, a leader in cyber exposure management, announced the acquisition of OTORIO, a company specializing in operational technology (OT) and cyber-physical systems (CPS) security. This acquisition, revealed on Thursday, is set to enhance Armis’ capabilities in securing critical infrastructure and industrial environments, particularly those that operate in air-gapped or isolated settings.
The Need for Enhanced Cybersecurity in Critical Infrastructure
As industries increasingly rely on interconnected systems, the demand for robust cybersecurity solutions has surged. Yevgeny Dibrov, CEO and co-founder of Armis, highlighted the unprecedented demand across various sectors, particularly in heavy industry and critical infrastructure such as energy and utilities. “Customers require a hybrid environment for complete protection,” he stated, emphasizing the necessity for solutions that cater to both connected and isolated environments.
The integration of OTORIO’s Titan platform into Armis’ Centrix cloud-based cyber exposure management platform will provide organizations with a comprehensive suite of tools designed to protect their operational technology and cyber-physical environments. This strategic move allows Armis to offer an on-premises CPS solution, addressing the unique needs of organizations that operate in highly secure, air-gapped environments.
OTORIO: A Leader in Cyber-Physical Security
Founded in 2018 by Daniel Bren and Yair Attar, OTORIO has established itself as a key player in the cybersecurity landscape, particularly within sectors such as oil and gas, utilities, and manufacturing. The company specializes in securing cyber-physical and converged environments, providing proactive protection against cyber threats. With a deep understanding of the challenges faced by critical infrastructure, OTORIO’s expertise will be invaluable as it joins forces with Armis.
Dibrov expressed enthusiasm about the integration of OTORIO’s team and their foundational industry knowledge, stating, “This new hybrid and on-premises expansion of Armis Centrix makes it the most complete platform for any customer looking to secure their operational technology and cyber-physical environments.”
Enhancing Armis’ Cybersecurity Capabilities
The acquisition of OTORIO is not just about expanding Armis’ product offerings; it also represents a strategic enhancement of its cybersecurity capabilities. The integration will include features such as Secure Remote Access (SRA) for full Zero Trust implementation and comprehensive attack path mapping. These enhancements will enable Armis to support a wider range of organizations, ensuring that they can achieve complete resiliency and compliance in their operations.
Daniel Bren, CEO and co-founder of OTORIO, expressed his excitement about the merger, noting that Armis has rapidly become a leading provider of cyber exposure management. He emphasized the potential for the combined teams to leverage their operational context in ICS/CPS environments, ultimately helping customers achieve secure and compliant business operations.
A Proven Track Record of Successful Integrations
Armis has a history of successfully integrating acquisitions into its Centrix platform, transforming new technologies into significant revenue drivers. Following previous acquisitions, including Silk Security and CTCI, Armis has reported an impressive 2000% increase in related revenues. This track record demonstrates the company’s ability to maximize value and accelerate growth, positioning it well as it prepares for an initial public offering (IPO).
Looking Ahead: The Future of Armis
The acquisition of OTORIO marks Armis’ third acquisition in less than a year, following its strategic purchases of CTCI and Silk Security. Each of these acquisitions has been aimed at strengthening Armis’ product capabilities and expanding its reach into new market segments. With a recent $200 million funding round announced in October 2024, Armis is well-equipped to advance its vision and roadmap in alignment with customer demand.
As Armis continues to innovate and expand its offerings, the integration of OTORIO will play a crucial role in enhancing the security of critical infrastructure and industrial environments. By providing comprehensive cyber exposure management solutions, Armis is poised to lead the charge in safeguarding organizations against the evolving landscape of cyber threats.
In conclusion, the acquisition of OTORIO not only strengthens Armis’ position in the cybersecurity market but also underscores the growing importance of securing operational technology and cyber-physical systems in an increasingly interconnected world.