Honeywell Completes Acquisition of Cyber Security Company, Nextnine

Honeywell (HON)has completed the acquisition of Nextnine Ltd, a privately held, leading provider of industrial cyber security solutions. The business will be integrated into Honeywell’s industrial cyber security group and will significantly strengthen Honeywell’s capability to offer multi-vendor, multi-site secure remote access, monitoring and support to protect industrial control systems and critical infrastructure against a growing threat of cyber-attacks.

The combination of Honeywell and Nextnine capabilities will deliver enhanced value to customers and partners including:

Scalable and flexible enterprise-wide deployments with cyber security management for multi-site, multi-vendor industrial control system (ICS) environments Enhanced managed security services (MSS) for industrial cyber security with improved asset inventory management, security compliance and policy management, continuous monitoring and alerting, and integration with Honeywell cyber security products including risk manager and advanced threat intelligence exchange (ATIX) Secure connected and remote access capabilities with improved control and protection of customer data that can be extended to additional assets and used for secure file transfer Full continued support and services for current Nextnine customers and partners and enhanced technology developments that will benefit all end-users

“The addition of Nextnine’s technologies and talented employees enhances Honeywell’s position to deliver enterprise-wide, end-to-end industrial cyber security solutions that reduce cyber security risks, improve reliability, increase productivity and lower cost of operations to our combined customer base,” said Jeff Zindel, VP and general manager of Honeywell’s industrial cyber security business unit.

“Nextnine is joining a recognized global leader in industrial cyber security. We will now be able to leverage Honeywell’s reach, network and managed security services offerings to grow the impact of our technology and to help more customers in a more holistic way,” said Shmulik Aran, CEO of Nextnine.