OPSWAT announced that it has acquired all assets of Bayshore Networks, a provider of active industrial cybersecurity protection solutions specifically designed for Operational Technology (OT) and Industrial Control Systems (ICS) environments, automation engineers, and plant operators. As part of the acquisition, OPSWAT will integrate Bayshore Networks products and teams, extending OPSWAT’s CIP capabilities to OT/ICS environments.
There has been a dramatic increase in the number of cybersecurity and ransomware attacks in the industrial infrastructure industry specifically, from the Colonial Pipeline attack to the Florida water supply attack. This has required an elevated security interest as these types of attacks can have catastrophic outcomes.
This asset acquisition will add key capabilities in unidirectional/bidirectional secure data transfer in critical networks, intrusion prevention for industrial devices, secure remote access for OT assets and ultimately help expand OPSWAT’s mission to deliver cybersecurity solutions to protect critical infrastructure.
“This acquisition furthers our commitment to provide organizations worldwide with the most comprehensive critical infrastructure protection solutions available today,” said Benny Czarny, OPSWAT founder and CEO. “Over the last few months, we have hit several corporate and product milestones, including raising a $125 million round of financing, expanding our channel program to over 80 countries, and introducing our breakthrough cybersecurity kiosk for critical infrastructure protection. Today’s acquisition extends our CIP mission to operational technology and will drive continued growth and momentum at OPSWAT.”
“We are excited to bring two industry leaders together,” stated Kevin Senator, former CEO of Bayshore Networks and current OPSWAT Consultant. “Over the last decade, Bayshore Networks has provided state-of-the-art cybersecurity solutions for OT/ICS environments. Extending OPSWAT’s powerful platform to OT is a natural next step for both companies. Not only will we meet very specific cybersecurity demands in the industry, but the synergy between our companies will be truly extraordinary. I have no doubt that our employees and our technology will thrive at OPSWAT.”