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Claroty Completes Acquisition Of Healthcare Iot Security Leader Medigate

Jan 10, 2022over 3 years ago

Acquiring Company

Claroty

Acquired Company

Healthcare IoT Security Leader

New YorkSecurityInformation Technology

Description

Claroty, the security company for cyber-physical systems (CPS) across industrial, healthcare, and enterprise environments, today announced it completed the acquisition of Medigate, a leading healthcare IoT security company. The acquisition uniquely positions Claroty to secure the Extended Internet of Things (XIoT) by delivering unmatched visibility, protection, and threat detection for all connected organizations via one comprehensive solution.

Company Information

Company

Claroty

Location

New York, New York, United States

About

Claroty empowers organizations to secure cyber-physical systems across industrial (OT), healthcare (IoMT), and enterprise (IoT) environments: the Extended Internet of Things (XIoT). The company's unified platform integrates with customers' existing infrastructure to provide a full range of controls for visibility, risk and vulnerability management, threat detection, and secure remote access. Backed by the world's largest investment firms and industrial automation vendors, Claroty is deployed by hundreds of organizations at thousands of sites globally. The company is headquartered in New York City and has a presence in Europe, Asia-Pacific, and Latin America.

FundzWatch™ Score

65
High M&A Activity

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed