Honeywell announces agreement to purchase Nextnine

Honeywell announces agreement to purchase Nextnine

June 16, 2017 – Honeywell announced that it has signed a definitive agreement to purchase Nextnine, a privately held provider of security management solutions and technologies for industrial cyber security. The addition of Nextnine’s security solutions and secure remote service capabilities will enhance the Company’s existing range of cyber security technologies.

Nextnine’s flagship technology, ICS Shield, protects industrial sites from cyber security attacks and enables remote monitoring of assets. It complements Honeywell’s cyber security portfolio with a solution that 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.

Founded in 1998, Nextnine has been backed to date by Infinity VC, XT Hi-Tech and several other prominent investors.

Nextnine’s security solutions also will be a key enabler of Honeywell Connected Plant which combines Honeywell’s industrial expertise, software and digital technologies to make its. Cyber security is a critical part of that program.

About Honeywell

Honeywell Process Solutions is a pioneer in automation control, instrumentation and services for the oil and gas; refining; pulp and paper; industrial power generation; chemicals and petrochemicals; biofuels; life sciences; and metals, minerals and mining industries.
 

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