Forescout acquires medical IoT security company CyberMDX
Silicon Valley cybersecurity company Forescout Technologies said Tuesday that it is acquiring CyberMDX, a medical-device security company known for its research into potential cyberthreats against health care technology.
CyberMDX is a natural fit for Forescout, which focuses on securing connected devices and operational technology (OT) for large organizations — including what the industry calls the Internet of Medical Things (IoMT). Terms of the deal were not disclosed.
“Cybersecurity for IoMT, much like cybersecurity for OT devices, requires specific expertise and technologies,” Forescout CEO Wael Mohamed said. “We are pleased to have the CyberMDX team join Forescout as we continue delivering new capabilities on our market-leading platform and grow our R&D center.”
Research by New York-based CyberMDX has been responsible for shedding light on critical vulnerabilities in widely used medical imaging devices, patient monitors, anesthesia machines and infusion pumps.
Forescout’s platform specializes in “device intelligence and network fabric technology,” or finding and classifying everything connected to an organization’s network. The company says, for example, that its technology found 66% more devices than otherwise expected when it scanned the digital assets of the University Health Network, a prominent group of four hospitals in Toronto.
Forescout itself was acquired in mid-2020 by private equity firm Advent International, in a deal worth more than $1.4 billion. The company filed for its initial public offering in 2017.