Honeywell to Acquire Industrial Cybersecurity Software Leader

Honeywell has signed a definitive agreement to purchase Nextnine, a privately-held provider of security management solutions and technologies for industrial cybersecurity.

Nextnine’s flagship technology, ICS Shield, protects industrial sites from cybersecurity attacks and enables remote monitoring of assets. It is used at more than 6,200 sites globally across the oil and gas, utility, chemical, mining and manufacturing sectors. Previously, ICS Shield had to be deployed separately for each control system vendor, resulting in multiple and separate installations at a single customer site. With this acquisition, customers will be able to deploy and operate a single system, thereby simplifying and better securing their entire site with Honeywell’s ability to provide multi-vendor solutions.

“Each day, the number of attempted cyber attacks on industrial facilities and critical infrastructure around the world increases,” said Vimal Kapur, president of Honeywell Process Solutions. “This acquisition shows our ongoing commitment to providing our customers with a comprehensive portfolio of cyber security solutions to protect and defend their industrial control systems and process control networks. Honeywell’s extensive global reach will increase Nextnine’s availability to a broader range of customers.”

Nextnine’s security solutions will be offered as part of Honeywell’s Connected Plant, which combines the company’s industrial expertise, software and digital technologies to make its customers’ operations more reliable, profitable and secure.