PALO ALTO, California, November 29, 2021 / PRNewswire / – Armis, the leading unified asset visibility and security platform provider, announced that it has completed its latest investment cycle and increased its valuation to $ 3.4 billion. A partner in actions (“OEP”), in collaboration with existing investors, carried out a $ 300 million investment to accelerate the development of the strategic platform and global GTM initiatives, and to support future acquisitions. OEP will also join the board of directors.
“One Equity Partners is the exact type of investor we need at this point. They fully understand our industry and their acquisition expertise will help us achieve our expansion goals and objectives, ”said Yevgeny Dibrov, CEO and Co-Founder, Armis. “We look forward to OEP joining our board of directors and working with our investor group to continue to grow and acquire a number of strategically important assets.”
Armis’ enormous growth has been fueled by the capture of an ever increasing market share in a rapidly growing market and by expansion into new industries and regions. Before this investment, Armis raised $ 300 million in total funding. Over the past 3 years, Armis has generated a staggering 8,826% increase in revenue and is among the fastest growing cybersecurity companies in the world. In recognition of the rapid expansion, Deloitte recently ranked Armis at the 25the fastest growing tech company in North America in the 2021 Deloitte Technology Fast 500 ™. Armis is the only cybersecurity company to provide complete visibility, vulnerability detection and risk management to all assets in IT, enterprise, healthcare, operational, ICS, IoT and IIoT environments. Armis has the most robust partner ecosystem, fueling hundreds of existing IT and security investments with real-time threat detection using the world’s largest device knowledge base, following more than ‘one billion devices and growing.
“Armis is the industry leader in asset visibility and security,” said Ori birnboim, Managing Director, OEP. “We see a growing need for businesses in a unified offering, and we are excited to work with our partners to further accelerate the company’s growth trajectory and protect assets around the world. “
The close alignment of the OEP portfolio and Armis’ capabilities in healthcare, industrial OT and technology will result in significant investments in customer acquisition and expansion. Allegro MicroSystems, a global leader in sensing and power semiconductor technology for motion control and energy efficiency, will be the first company in the OEP portfolio to deploy Armis protection across all of its networks.
Armis is the # 1 leader with the most comprehensive asset visibility and security information for all assets, industries and environments with the deepest context to detect vulnerabilities and reduce risk. Only the Armis platform covers several vertical sectors and can respond to the convergence of IT and OT. No other cybersecurity vendor can secure OT, ICS, IT, IoT, IIoT, and IoMT across multiple industries and sectors. Armis was ranked in the Gartner Market Guide for OT Security, named a Leader in OT Security by ISG, and recently achieved top marks in the MITER ATT & CK ratings for ICS, providing 100% visibility on both IT and OT.
“OEP and Armis see great value in the rapid deployment of Armis’ state-of-the-art asset security capabilities across the global companies in the OEP portfolio,” said Andrew Dunn, Managing Director, OEP. “Given our experience in the cybersecurity market, we also plan to help Armis rapidly expand its leadership in asset security through strategic acquisitions. “
OEP will join the board and lead acquisition initiatives alongside existing investors Insight Partners, Brookfield Asset Management, Georgian, RedDot and CapitalG, Alphabet’s independent growth fund. Insight Partners will remain the majority owner and Armis will continue to operate independently, fully managed by its two co-founders, Yevgeny Dibrov, CEO, and Nadir Izrael, CTO and the management team.
“Armis continues to expand into Healthcare, Federal, SLED, and OT in addition to our traditional IoT, IT, Medical, and Enterprise services and capabilities. Investment from One Equity Partners will fuel platform development. , regional expansion and a better go-to-market team, ”said Nadir Izrael, CTO and Co-Founder, Armis. “We are gaining market share in all of our new verticals and have become the leading player in cybersecurity when it comes to seeing all assets and devices. ”
Armis ranks as the leading platform provider by industry analysts. Through the Armis Partner Experience Program (APEX), we partner with leading global organizations including Crowdstrike, IBM, Fortified Health, PWC, Checkpoint, Accenture, Gigamon, Optiv, Capgemini, Mcloud, Deloitte, Cyvatar and hundreds of other companies around the world. Click on here to learn more about our global partners.
To learn more about the CEO and co-founder of Armis, Yevgeny Dibrov, Click on here.
About Armis
Armis is the leading unified asset visibility and security platform designed to tackle the new threat landscape created by connected devices. Fortune 1000 companies trust our real-time, continuous protection to see in full context all managed, unmanaged, and IoT devices, including medical devices (IoMT), operational technology (OT) and management systems. industrial control (ICS). Armis provides unmatched passive management of cybersecurity assets, risk management and automated application. Armis is a private company headquartered in Palo Alto, California.
About One Equity Partners
One Equity Partners (“OEP”) is a mid-size private equity firm focused on the industrial, healthcare and technology sectors in North America and Europe. The company creates market-leading businesses by identifying and executing combinations of transformative businesses. OEP is a trusted partner with a differentiated investment process, a large and senior team and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide and, as of 12/31/20, had more than $ 7 billion AT M. OEP, founded in 2001, emerged from JP Morgan in 2015. The company has offices in new York, Chicago, Frankfurt, and Amsterdam. For more information, please visit www.oneequity.com.
Media contact:
Kari schatz
RP Highwire for Armis
[email protected]
SOURCE Armis
Related links
https://armis.com
