Honeywell announced that it has signed a definitive agreement to purchase Nextnine, a privately held provider of security-management solutions and technologies for industrial cybersecurity. The addition of Nextnine’s industry-leading security solutions and secure remote-service capabilities will enhance the company’s existing range of cybersecurity technologies and significantly increase Honeywell’s Connected Plant cybersecurity customer base.
Nextnine’s flagship technology, ICS Shield, protects industrial sites from cybersecurity attacks and enables remote monitoring of assets. It complements Honeywell’sFounded in 1998, Nextnine has been backed to date by Infinity VC, XT Hi-Tech and other 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.”