Cybersecurity software producer Tenable acquired Indegy, a US-based industrial cybersecurity technology developer backed by energy utility Centrica, mass media group Liberty Media and diversified holding company Ofer Global, for $78m on Monday.
Founded in 2014, Indegy has created a software platform that detects network anomalies, checks connected devices and offers policy-based monitoring in order to protect infrastructure in areas such as the automotive, pharmaceutical, energy and water industries.
Specifically, the software protects operational technology environments, in which software is used to monitor and modify large connected systems in the real world, like a power station or rail network.
Tenable will use Indegy’s technology to strengthen its own cybersecurity capabilities in the operational technology environments domain, and plans to integrate the technologies into a single platform in the first half of 2020.
Indegy received $18m in an August 2018 series B round led by Liberty Media’s corporate venturing arm, Liberty Technology Venture Capital, and which included Centrica Innovations and OG Tech Ventures, respective investment vehicles for Centrica and Ofer Global.
Venture capital firms Vertex Ventures, Magma Venture Partners and Aspect Ventures also backed the series B round along with private investor Shlomo Kramer.
Vertex had led the company’s $12m series A round in 2016, which included all the series B investors and financial services firm SBI. It had already raised $6m in a 2014 seed round that was led by Shlomo Kramer with contributions from Magma and angel investor Amihai Shulman.
