Andritz
Otorio sold to Armis
The international technology group Andritz has sold its stake in Otorio, a provider of Operational Technology (OT) and Cyber Physical Systems (CPS) security, to Armis. At the same time, the companies have entered into a strategic partnership.
Armis, a cyber exposure management and security company, is now the sole owner of Otorio. Andritz will work with Armis to further strengthen digital customer solutions in this increasingly critical area.
As a supplier of complete plants and systems for a wide range of industries, Andritz has been offering cyber security solutions from its joint venture Otorio for several years. Armis offers a comprehensive cybersecurity platform for large enterprises, national governments and local authorities. The partnership with Armis will enable Andritz to add additional technology to its digital platform 'Metris' and thus expand its digitalization offering for customers.
Daniel Bren, CEO of Otorio, says: "We are glad that with Andritz we had a joint venture partner who shared our vision and provided the financial means to develop state-of-the-art products for industrial cyber security."
Joachim Schönbeck, CEO of Andritz, adds: "Armis is the right partner to further develop Otorio's products and offerings - we look forward to providing our customers with even more comprehensive solutions in this area."
Yevgeny Dibrov, CEO and co-founder of Armis, explains: "Otorio's technologies will expand our platform offering and enable us to provide our customers with an on-premises solution."
You might also be interested in
New Vice President of Global Partner Ecosystem appointed
Effective immediately, John Ryan is the new Vice President of Global Partner Ecosystem at Claroty, a specialist in the security of cyber-physical systems (CPS).
read more...Increasing cyberattacks on the manufacturing sector
A report from Check Point Exposure Management on the threat landscape in the manufacturing industry shows a dramatic increase in ransomware, supply chain attacks and OT-related cyber incidents. As smart factories and connected supply chains become...
read more...Cybersecurity is a top priority for car manufacturers
The latest "Automotive Manufacturing Outlook Survey" from ABB Robotics shows that cyber security has become the most important focus for automotive manufacturers around the world. This indicates a clear change in the perception of digital risks.
read more...Cloud security often inadequate
According to Red Hat's "State of Cloud-native Security" Report 2026, 97% of the companies surveyed with hybrid cloud environments reported security incidents within a year. This is based on data from around 600 IT specialists.
read more...CRA guide for Powerlink checked
TÜV Rheinland has audited the "CRA Guide for Powerlink" from B&R. The guide is one of the first independently audited technical documentations for the implementation of the EU Cyber Resilience Act in automation.
read more...Dragos expands collaboration with Microsoft
Dragos, a global provider of cyber security for OT environments, is expanding its collaboration with Microsoft. The aim is to support companies in modernizing and securing their cyber-physical operating processes.
read more...All for One acquires stake in BrightFlare
All for One acquires a minority stake of 25.1% in the Austrian company BrightFlare. BrightFlare is a cybersecurity services provider for the protection of industrial plants and critical infrastructures.
read more...Check Point Cyber Security Report 2026
More attacks on German companies
The new "Cyber Security Report 2026" from Check Point shows a significant increase in cyberattacks on German organizations by 2025. The education sector is particularly affected and is well above the national average.
read more...Claroty appoints new Chief Revenue Officer
James Love is the new Chief Revenue Officer (CRO) of Claroty, a specialist in the security of cyber-physical systems (CPS).
read more...