• Armis is acquiring Otorio for $120 million in cash and shares to strengthen its cybersecurity offerings for industrial environments.
  • Otorio’s Titan product will be integrated into Armis’ Centrix platform to enhance security in air-gapped and on-premises environments.

Armis, a $4.2 billion cyber-exposure management company, has announced its acquisition of Otorio, a cybersecurity specialist focused on industrial and physical environments.

The deal, valued at $120 million in cash and shares, marks Armis’ continued expansion into securing connected physical spaces.

Otorio, based in Tel Aviv, had previously raised $50 million from industrial firm Andritz. Its flagship product, Titan, will now be integrated into Armis’ Centrix platform.

While Armis has traditionally concentrated on cloud security, this acquisition allows the company to enhance its protection of industrial and on-premises environments.

“We are adding a few very strong components to our platform to address more environments, especially air gap environments that require on-premise deployments versus our SaaS product, and also to really address zero-trust needs and capabilities,” said Armis CEO and co-founder Yevgeny Dibrov. “Otorio is really helping us take it to the next level for this environment.”

Industrial environments have often been overlooked in cybersecurity discussions due to the perception that they primarily contain outdated or “dumb” machinery.

However, as industrial systems become increasingly connected, they face new vulnerabilities that require strong security measures.

Otorio’s technology will help Armis address these risks while also strengthening protections for other physical spaces that demand high-security solutions.

“Armis has rapidly become the leading provider of cyber exposure management and has built a best-in-industry cloud SaaS platform that provides unmatched visibility, security, and risk management to enterprises across all industries,” said Otorio CEO and co-founder Daniel Bren.

This acquisition is Armis’ third within a year, following its purchases of Silk Security for $150 million in April 2024 and CTCI for $20 million in February 2024.

The deal reflects a growing trend in cybersecurity, where late-stage companies are securing funding and acquiring smaller startups to expand their capabilities.

Edited By Annette George