Honeywell acquires industrial cyber security firm Nextnine

Honeywell (NYSE: HON) announced signing a definitive agreement to purchase Nextnine, a privately held provider of security management solutions and technologies for industrial cyber security.

Honeywell acquires industrial cyber security firm Nextnine
The acquisition of Nextnine will spur further growth for Honeywell's Connected Plant solution

The addition of Nextnine’s industry-leading security solutions and secure remote service capabilities will enhance the company’s existing range of innovative cyber security technologies and significantly increase Honeywell’s Connected Plant cyber security customer base. 

Nextnine’s flagship technology, ICS Shield, protects industrial sites from cyber security attacks and enables the remote monitoring of assets. It complements Honeywell’s extensive cyber security portfolio with a solution that is used at more than 6,200 sites globally across the oil and gas, utility, chemical, and mining and manufacturing sectors.

Previously, ICS Shield had to be deployed separately for each control system vendor, resulting in multiple and separate installations at a single customer site. With this acquisition, customers will be able to deploy and operate a single system, thereby simplifying and better securing their entire site with Honeywell’s proven capability to provide multi-vendor solutions.

Since being founded in 1998, Nextnine has been backed by Infinity VC, XT Hi-Tech, and several other prominent 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 on-going 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.”

Nextnine’s security solutions will also be a key enabler of Honeywell Connected Plant, which combines Honeywell’s unmatched industrial expertise, software and digital technologies to make its customers’ operations more reliable, profitable, and secure than was possible ever before. Cyber security is a critical part of this programme.

Honeywell ha the largest industrial cyber security research capabilities in the industry and has continued to increase its industrial cyber security offerings. Two such solutions are Risk Manager, the industry’s first solution to proactively monitor, measure, and manage industrial cyber security risks, and Secure Media Exchange (SMX), which protects plants against threats from removable media, such as USB flash drives.

 

Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry-specific solutions, including aerospace and automotive products and services, control technologies for buildings, homes, and industry, and performance materials, globally.  Our technologies help everything from aircrafts, cars, homes and buildings, manufacturing plants, supply chains, and workers to be more connected and make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

By Hoai Huong