Armis Buys Israel’s Otorio for USD120m
Armis, a US-based leader in cyber exposure management, has acquired Israeli cybersecurity firm Otorio for approximately USD 120 million.
The deal enhances Armis’ capabilities in securing operational technology (OT) and cyber-physical systems (CPS), reinforcing its presence in critical industries such as energy, utilities, and manufacturing. Otorio’s Titan platform will integrate into Armis’ Centrix suite, enabling an on-premises, air-gapped security solution for industrial operations.
This marks Armis’ third acquisition within a year, following its purchases of AI security startup CTCI and risk prioritization firm Silk Security. The transaction aligns with Armis’ rapid growth, fueled by its USD 200 million funding round at a USD 4.3 billion valuation.
Analysts view these moves as part of Armis’ preparation for an IPO.
Meitar advised Armis.
