Mitsubishi Electric acquires OT security player Nozomi Networks

"Nozomi Networks emphasizes that customers and partners will not notice any changes in their daily experience. The company will retain its current brand name, leadership team, and activities. All existing partnerships and roadmaps will remain unchanged. Nozomi Networks will therefore continue to provide asset management tooling to identify mission-critical components and detect vulnerabilities. The two companies have been working together since March 2024, when Mitsubishi Electric participated in Nozomi's $100 million Series E financing round."

"The acquisition gives Mitsubishi Electric access to a rapidly growing AI-driven cybersecurity solution. Nozomi Networks offers a platform specifically designed for industrial environments. It is designed to be cloud-first, but also offers an on-premise solution. Nozomi Vantage is available exclusively for the cloud and revolves around scalability. In addition to the hard figures, Nozomi offers extra insight through Asset Risk Scoring, Threat Cards, and the sorting of alert data so that manual work is kept to a minimum."

Mitsubishi Electric plans to acquire Nozomi Networks while allowing Nozomi to operate as an independent subsidiary that retains its brand, leadership team, activities, partnerships, and roadmaps. Customers and partners are expected to experience no changes in daily operations. The companies have collaborated since March 2024 after Mitsubishi Electric participated in Nozomi's $100 million Series E financing round. The acquisition provides Mitsubishi Electric access to Nozomi's AI-driven cybersecurity platform for industrial environments, offering cloud-first and on-premise options, including Nozomi Vantage, Asset Inventory, Asset Risk Scoring, Threat Cards, and alert-data sorting. The acquisition is expected to close in Q4 2025.

Read at Techzine Global