Honeywell announced that it has agreed to acquire CAES Systems Holdings LLC (CAES) from private equity firm Advent International for approximately $1.9 billion in an all-cash transaction

/PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the intention to acquire the entire share capital of Civitanavi Systems S.p.A. (Civitanavi or the...

Latest round includes investments from Mitsubishi Electric and Schneider Electric; spotlights demand for an OT/IoT security platform that supports heterogeneous operating environmentsSAN FRANCISCO, March 13, 2024 /PRNewswire/ -- Nozomi Networks Inc. , the worldwide leader in OT and IoT security, today announced a $100 million Series E funding round to help accelerate innovative cyber defenses and expand cost-efficient go-to-market expansion globally. This latest round includes investments from Mitsubishi Electric, a global leader in digital manufacturing, electronics and electrical equipment and Schneider Electric, a global leader in digital automation and energy management. They join a growing list of OT original equipment manufacturers (OEMs) who have invested in Nozomi Networks, including previous investors Honeywell and Johnson Controls."As we meet with customers around the world, the reality is that they operate highly heterogeneous environments and are looking for a security platform that can effectively defend those environments," said Edgard Capdevielle, President and CEO of Nozomi Networks. "This investment clearly underscores the need and support for OEM-agnostic security solutions in light of today's escalating attacks against critical infrastructure around the world."The company will use this latest investment to help scale product development efforts as well as its go-to-market approach globally. With criminal and nation-state cyber threats to industrial and critical infrastructure on the rise, the need for Nozomi Networks solutions has never been greater