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Press release #Venture Capital

SecurityMatters, a portfolio company of Robert Bosch Venture Capital, is acquired by ForeScout Technologies

Strong growth since raising Series A with RBVC participation

  • Convergence of Operational Technology (OT) and IT demands a holistic approach to cyber security
  • The acquisition of SecurityMatters will help ForeScout Technologies bolster its global leadership position in device visibility and control across the extended enterprise
  • Damiano Bolzoni, CEO SecurityMatters: “Expertise of our investors was key to success of our company.”

Aron Bahnmüller >

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Stuttgart, Germany – Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, congratulates its portfolio company SecurityMatters on its acquisition by ForeScout Technologies. SecurityMatters is a leading global provider of advanced solutions for protecting operational technology systems against cyber threats and operational risks.

SecurityMatters has successfully strengthened its market leadership position since raising their Series A in autumn 2016. The acquisition by its partner ForeScout Technologies, a leading Internet of Things security company, is a logical next step in addressing the needs of enterprises where the convergence of OT and IT calls for a more holistic cyber security strategy.

“One of the challenges we faced at SecurityMatters was dealing with the complexity of the industrial control systems market”, said Damiano Bolzoni, founder and CEO of SecurityMatters. “The expertise that our investors have brought to the table was key to the success of our company.”

About RBVC GmbH

Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models as well as new materials that are relevant to the above-mentioned areas of business.

Additional information is available at www.rbvc.com

About SecurityMatters
Founded in 2009, SecurityMatters provides organizations with device visibility, continuous network monitoring, and threat and anomaly detection specific to operational technology and industrial environments using passive collection techniques that don’t impact operations. Its solution protects networks from the widest range of threats utilizing patented technology and with a library of over 1600 ICS-specific threat indicators. www.secmatters.com

About ForeScout Technologies
ForeScout Technologies, Inc. helps make the invisible visible. Our company provides Global 2000 enterprises and government agencies with agentless visibility and control of traditional and IoT devices the instant they connect to the network. Our technology integrates with disparate security tools to help organizations accelerate incident response, break down silos, automate workflows and optimize existing investments. www.forescout.com

The Bosch Group is a leading global supplier of technology and services. It employs roughly 395,000 associates worldwide (as of December 31, 2020). The company generated sales of 71.5 billion euros in 2020. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 129 locations across the globe, Bosch employs some 73,000 associates in research and development, of which nearly 34,000 are software engineers.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPresse.

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