Rockwell Automation bags Israel’s Avnet to boost cybersecurity efforts
Category: #business  By Hrishikesh Kadam  Date: 2020-01-10
  • share
  • Twitter
  • Facebook
  • LinkedIn

Rockwell Automation bags Israel’s Avnet to boost cybersecurity efforts

The manufacturing industry has evolved rapidly over the years and become more connected than ever before. Consequently, legacy physical security solutions are no longer sufficient enough to protect manufacturing operations. Cybersecurity leaders around the world are exploring ways to build, evolve, and maintain proactive cybersecurity strategies and solutions.

American IT firm Rockwell Automation Inc. has reportedly agreed to acquire Avnet Data Security LTD, a privately-held Israeli cybersecurity provider.

The deal is expected to close in early 2020 and is subject to customary approvals and closing conditions. However, the transaction will not likely have a significant impact on Rockwell Automation’s 2020 financial outcomes.

For the record, Milwaukee, Wisconsin-headquartered Rockwell Automation is a leading provider of industrial automation solutions and services. The company aims to foster digital transformation for industries leveraging the potential of technology and make manufacturing operations more productive and more sustainable.

Israel-based Avnet has more than 20 years of experience in offering a comprehensive range of IT/OT cybersecurity solutions and services ranging from network & security solutions, penetration testing, assessments, and training to converged IT/OT managed services.

Avnet’s expertise in service delivery, training, R&D, and managed services will enable Rockwell Automation to serve a much larger consumer base globally, stated Frank Kulaszewicz, Senior VP of Control Products & Solutions at Rockwell Automation, adding that it will allow the company to gain a strong foothold in the rapidly advancing space.

Also read: AXA XL partners with Accenture to deliver cybersecurity solutions

Rockwell Automation brings a comprehensive range of solutions and services which when combined with Avnet’s extensive knowledge and expertise will support the American tech firm’s strategic goal to register double-digit growth in connected services and information solutions by expanding its IT/OT cybersecurity and network offerings worldwide.

Avnet CEO Igal Cohen said the company is thrilled to work with Rockwell Automation for further expanding the range of its cybersecurity portfolio.

The Avnet team will continue to serve its existing clients while expanding its global reach to serve a much wider range of customers, Cohen mentioned, adding that the company has always aimed to help as many businesses as possible secure their data from internal as well as external cyberthreats.

 

Source credits: https://www.nasdaq.com/articles/rockwell-automation-to-buy-israeli-based-avnet-data-security-2020-01-08

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Hrishikesh Kadam    

Hrishikesh Kadam

A graduate in electronics and telecommunication engineering, Hrishikesh Kadam has always found writing fascinating. Driven by a never-ending passion for content creation combined with a bit of experience in writing personal blogs, Hrishikesh blends his technical knowl...

Read More

More News By Hrishikesh Kadam

Pure Storage takes over Portworx to support Kubernetes & containers
Pure Storage takes over Portworx to support Kubernetes & containers
By Hrishikesh Kadam

Storage as-a-service solutions provider, Pure Storage, has reportedly signed an agreement for the acquisition of leading Kubernetes data services platform, Portworx, for an approximate sum of $370 million. The transaction is reported to be the larges...

MaxLinear purchases intellectual property provider NanoSemi Inc
MaxLinear purchases intellectual property provider NanoSemi Inc
By Hrishikesh Kadam

Leading integrated circuits provider, MaxLinear, Inc., has reportedly announced its takeover of NanoSemi, Inc., the forerunner in the provision of intellectual property, deploying patented machine learning techniques for the enhancement of power effi...

Syncron introduces new solutions to enhance Syncron Service Cloud
Syncron introduces new solutions to enhance Syncron Service Cloud
By Hrishikesh Kadam

Syncron has recently announced two new releases to make significant enhancements to its Syncron Service Cloud. The Syncron Inventory 20.1 and Price 20.2 solutions are designed to assist OEMs (original equipment manufacturers) in enhancing their liqui...