SECURITY

Cloudastructure Signs Letter of Intent to Acquire IPG

Cloudastructure | January 21, 2022

Cloudastructure, the award-winning cloud video surveillance provider, has signed a Letter of Intent to purchase rapidly growing IoT cybersecurity company IPG. The terms of the deal are undisclosed.The acquisition would add an important new layer of cybersecurity to Cloudastructure’s expanding physical and cybersecurity platform and a key offering for enterprise customers as they embrace new IoT technologies.

The plethora of IoT devices tells the story. According to a Forrester report, “State of Enterprise IoT Security in North America: Unmanaged and Unsecured”:
  • 67% of enterprises have experienced an IoT security incident
  • 84% of security professionals believe IoT devices are more vulnerable than computers
  • 93% of enterprises are planning to increase their spending on security for IoT and unmanaged devices

Routinely installed IoT devices include: video surveillance, access control, fire and life safety, utilities, conveyance, HVAC and building management.

IPG’s cybersecurity tool GearBox is a “plug-and-play” tool which inventories devices, performs risk analysis, compliance testing and rogue device detection. This combined with readily accessible normalized data alleviates the level of risk introduced by IoT installations. The IPG team will be joining Cloudastructure, including Steve Kiss, CEO, as General Manager, IoT Security.

“The acquisition of IPG means Cloudastructure enterprise customers can enjoy not only a vastly higher degree of cybersecurity than they can with other cloud video surveillance providers, but opt for a robust IoT risk management posture throughout their organization.”

Cloudastructure CEO Rick Bentley

IPG CEO Steve Kiss commented, “We couldn’t be more pleased joining Cloudastructure, a cloud-based video surveillance provider that views cybersecurity as critically as we do.”

Subject to satisfactory completion of customary due diligence and the signing of a definitive agreement, the closing of the deal will be announced on a mutually agreeable date.

About Cloudastructure
Headquartered in Miami, Florida, with R&D in Silicon Valley, California, Cloudastructure’s award-winning surveillance video management system is designed and supported by world-class technical resources drawn from five continents. The platform’s unique architecture enables AI and computer vision for scalable, flexible, cost-effective security and eliminates the resource-intensive management and data risks of on-premises solutions. Cloudastructure enables a unified view of multiple sites for motion, facial recognition/detection, anomaly detection, object counting, LPR, advanced analytics, and compliance and delivers up to a 75% lower total cost of ownership than other systems. 

About Infrastructure Proving Grounds
Infrastructure Proving Grounds (IPG) produces the award-winning GearBox IoT security tool. GearBox combines a durable appliance with simple execution to allow industrial operators the insight they need to secure their infrastructure. GearBox provides cybersecurity and performance metrics to some of the nation's most critical infrastructure including utilities, commercial buildings, healthcare and transportation. IPG received the “Most Fundable Company” award from Pepperdine University in 2019, are contributors to the NIST IoT 800-53 security standard and an Intel IoT Solutions Provider.

Spotlight

Spotlight

Related News

DEVICES, INDUSTRIAL IOT

CrowdStrike Introduces World’s First XDR for IoT Offering to Deliver Comprehensive Protection to Internet of Things Assets

businesswire | April 12, 2023

CrowdStrike today introduced CrowdStrike Falcon Insight for IoT, the world’s first and only EDR/XDR solution for Extended Internet of Things (XIoT) assets. Delivered from the CrowdStrike Falcon platform, the new offering brings CrowdStrike’s renowned protection, detection and response to IoT, OT, medical devices, Industrial IoT and connected devices across the enterprise. As a result, customers can now secure their organization with the same platform across XIoT, IT endpoints, cloud workloads, identities and data. According to Gartner®, “by 2025, 70% of asset-intensive organizations will have converged their security functions across both enterprise and operational environments.” With the convergence of IT and OT, there is a need for security teams to secure critical infrastructure systems, however, traditional IT security solutions don’t interoperate with XIoT assets, lack context for effective threat prevention and detection and disrupt operations. By collecting and leveraging asset-specific context to drive tailored XIoT threat prevention policy and high-fidelity detection, CrowdStrike Falcon Insight for IoT enables secure OT digital transformation and mitigates operationally crippling threats without disrupting operations. Additionally, CrowdStrike Falcon Insight for IoT delivers: Powerful XIoT threat detection to reduce risk: Significantly improve business continuity by identifying threats – like ransomware and malicious project file modifications – by leveraging asset-specific context such as device type, OS version, protocols and more. Tailored threat prevention without compromising uptime: Stop threats at the source with CrowdStrike’s world-class AI-based threat prevention. Custom policy recommendations for XIoT assets empowers organizations to limit system burden and easily manage sensor updates. Rapid, proven response for hard-to-patch assets: Rapidly contain threats with integrated response actions, such as host/process containment and USB device control that minimizes operational disruptions. Interoperability with mission-critical XIoT assets: CrowdStrike’s single, lightweight agent is rigorously tested and validated by leading ICS vendors for simplified deployment, interoperability and safety on mission-critical XIoT assets. Deep integrations with CrowdStrike Alliance and XIoT partners: Supercharge protection, detection and response with robust integrations from CrowdStrike Alliance partners, such as Claroty, in a unified console. “With the acceleration of OT digital transformation, organizations are struggling to address security challenges including stopping sophisticated attacks and dealing with operational complexity in securing XIoT assets in Industrial Control Systems (ICS) networks," said Michael Sentonas, president of CrowdStrike. “CrowdStrike is uniquely positioned to solve the most-pressing concerns for organizations with CrowdStrike Falcon Insight for IoT, which extends our industry-leading EDR/XDR capabilities to XIoT assets to stop breaches – leaving no endpoint unprotected.” About CrowdStrike CrowdStrike, a global cybersecurity leader, has redefined modern security with one of the world’s most advanced cloud-native platforms for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data. Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities. Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity and immediate time-to-value.

Read More

ENTERPRISE IOT, INFRASTRUCTURE

emnify and Skylo Partner for IoT Cellular and Satellite Connectivity

emnify | March 15, 2023

On March 14, 2023, emnify, a renowned cloud-native enabler of IoT cellular connectivity, announced its strategic partnership with Skylo, a Non-Terrestrial Network (NTN) service provider. This collaboration will avail emnify users with 3GPP Rel-17 NTN-compliant radio user equipment for satellite IoT and terrestrial cellular connections. The solution will be supported by Skylo's global technology and will be managed using emnify's unique web portal and APIs. This collaboration places emnify at the cutting edge of an emerging IoT connectivity revolution. To integrate satellite and terrestrial mobile communications systems into a unified 'network of networks,' the companies will deliver more resilient, accessible, and flexible connectivity solutions. Furthermore, drawing on the latest 3GPP standards launched in March 2022, it will be among the first to provide dependable NTN support for IoT device fleets. emnify's IoT SuperNetwork offers a seamless service experience to customers worldwide, providing them with a single intuitive and responsive user interface to configure, manage, and update their devices. This reliable terrestrial mobile network coverage is now supplemented by satellite IoT connectivity to ensure constant connectivity of devices, regardless of location. emnify's partnership with Skylo elevates its solutions, reinforcing its position as the ultimate provider of cost-effective, dependable, and flexible network connectivity. VP of Network Access at emnify, Alexander Schebler, shared, "Today, most enterprises are limited to using terrestrial mobile networks for wireless IoT solutions, unless they opt for costly and proprietary satellite network services from an additional service provider." He added, "With this collaboration, we're changing that forever and redefining the future of IoT connectivity. There's no need for hybrid or proprietary solutions and patchworks of IoT service subscriptions: by bringing emnify and Skylo together, we're providing cost-effective universal connectivity and enabling customers to realize the full value inherent in their device fleets via their existing emnify cloud infrastructure." (Source – Business Wire) About emnify emnify is a leading cloud building block for cellular communications in the IoT stack, providing secure and scalable connectivity for millions of IoT devices worldwide. Its cloud-native integrations and no-code workflows ensure easy scalability for deployments of all sizes. The company's IoT SuperNetwork is the largest globally distributed mobile cloud core network, supporting local network access in over 180 countries through partnerships with leading cloud providers, system integrators, and radio network operators. Founded in 2014 and based in Berlin, it is trusted by thousands of the world's most innovative companies.

Read More

ENTERPRISE IOT, INFRASTRUCTURE

Semtech Releases Inaugural Corporate Sustainability Report

businesswire | May 04, 2023

Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems and Cloud connectivity service provider, today announced it has released its inaugural Corporate Sustainability report. “I am excited to present Semtech’s first Corporate Sustainability report, which incorporates both companies - Sierra Wireless and Semtech, and reflects our commitment to advancing the global sustainability agenda and aligning with the United Nations Sustainable Development Goals (UN SDGs),” said Julie McGee, Semtech’s senior vice president, chief marketing officer and chief environmental, social and governance (ESG) officer. “Our vision is to deliver high-quality, innovative solutions that enable a smarter, more connected and sustainable planet,” continued Mrs. McGee. “Semtech has been at the forefront of developing products for environmental and social good including our Advanced Protection and Sensing Products which extend product life and reduce e-waste, our IoT products which deliver low-power IoT connectivity solutions, and our Signal Integrity Products that reduce infrastructure costs and power consumption. We are now expanding our efforts as a combined company to help to create a better world.” Semtech’s products contribute to the global sustainability agenda by enabling its customers to deliver solutions that help address a majority of the UN SDGs, and help solve some of the biggest challenges facing the planet including energy management, natural resource reduction, pollution control and infrastructure efficiency. The company’s products and technologies include, among others, the preeminent LPWAN technology LoRa®, Signal Integrity analog and mixed signal products that help lower the power used by data center networks, and Advanced Protection products that protect circuitry to limit e-waste. In addition, Semtech’s product suite now also includes the recently acquired Sierra Wireless family of products that are enabling critical connections in IoT that support many of the UN SDGs. As part of its commitment, Semtech has set four goals and areas of focus for CY2023 and beyond, aligned with the UN SDGs: Products for social and environmental good - design products and solutions that enable a smarter, more connected and sustainable planet Build a sustainable supply chain - partner with suppliers to ensure its supply chain is socially and environmentally responsible Reduce our operating impact on the environment - develop energy management, climate change and water security plans including setting GHG emissions reduction targets Enhance our thriving workplace - continue to develop a thriving workplace to maximize the employee experience, maintain our employer of choice rating to attract and retain top talent, and increase representation of women and underrepresented groups across the workforce, including sales, technical and leadership roles Semtech acquired one of the world’s leading IoT solutions providers, Sierra Wireless, earlier this year, bringing together the ultra-low power benefits of LoRa with higher bandwidth capabilities of cellular to create a new IoT Chip-to-cloud systems leader. The combined companies present numerous possibilities to advance sustainability. About Semtech Semtech Corporation (Nasdaq: SMTC) is a high-performance semiconductor, IoT systems and Cloud connectivity service provider dedicated to delivering high quality technology solutions that enable a smarter, more connected and sustainable planet. Our global teams are dedicated to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets.

Read More