News Summary

Armis, a $4.2 billion company specializing in cyber exposure management, has acquired the Tel Aviv-based startup Otorio for $120 million in cash and shares. Otorio focuses on securing industrial and physical environments, and its flagship product, Titan, will be integrated into Armis’ Centrix platform. This acquisition allows Armis to expand its capabilities in industrial machinery and broader industrial environments, which are increasingly vulnerable due to their connectivity. The acquisition is a strategic move for both companies, with Armis enhancing its platform to address more secure on-premise deployments and zero-trust needs, while Otorio benefits from scaling opportunities within Armis’ established market position.