Armis, the cyber exposure management & security company, announced today that it has acquired OTORIO, a leading provider of OT (Operational Technology) and CPS (Cyber Physical Systems) security.
Cukierman, our M&A Worldwide Partner in Israel, advised Otorio in this sale.
OTORIO’s Titan platform will be integrated into Armis’ Centrix™ cloud-based cyber exposure management platform to expand Armis’ OT/CPS suite and offer an on-premises CPS solution for organizations or segments of an organization’s environment that are airgapped or sequestered from online access.
Founded in 2018 by co-founders Daniel Bren and Yair Attar, OTORIO has deep domain technical expertise, securing heavy industry and critical infrastructure with customers across the globe in industries like oil and gas, utilities, manufacturing and more. OTORIO specializes in cyber-physical, converged and air gapped environments, providing proactive protection against cyber attacks. By expanding Armis’ platform with broader capabilities, including Secure remote access (SRA) for full Zero trust and full attack path mapping, Armis can support any organization, with any requirement, delivering a single, comprehensive solution for critical infrastructure, manufacturing and industrial environments.
Armis has a proven history of seamlessly integrating acquisitions into its Armis Centrix™ platform and transforming acquired technologies into substantial revenue drivers. Following the Silk Security and CTCI acquisitions, Armis has achieved an exceptional 2000% increase in related revenues, demonstrating its ability to maximize value and accelerate growth as it prepares for an IPO.
This marks Armis’ third acquisition in less than 12 months (having acquired AI security startup CTCI and risk prioritization startup Silk Security)—each aimed at strengthening the company’s already robust product capabilities and expanding its ability to reach new market segments.
Armis is the leader in cyber exposure management and now offers unparalleled security solutions covering all industries, sectors & environments. Only Armis offers a platform that provides for your complete cyber exposure needs from the ground to the cloud. In October 2024, Armis announced a new $200m funding round, which has enabled Armis to rapidly advance and scale to complete its vision and roadmap in line with customer demand.
Source: Business Wire