Trending...
- Governor Ron DeSantis Appoints Laura Moody to the Eastern Florida State College District Board of Trustees
- Governor Ron DeSantis Appoints Sonya Rood to the Florida Fish and Wildlife Conservation Commission
- Upcoming Family Office Executive Education Program at the University of Denver
MIAMI--(BUSINESS WIRE)--Cloudastructure, the award-winning cloud video surveillance provider, has signed a Letter of Intent to purchase rapidly growing IoT cybersecurity company IPG. The terms of the deal are undisclosed.
The acquisition would add an important new layer of cybersecurity to Cloudastructure's expanding physical and cybersecurity platform and a key offering for enterprise customers as they embrace new IoT technologies.
The plethora of IoT devices tells the story. According to a Forrester report, "State of Enterprise IoT Security in North America: Unmanaged and Unsecured":
Routinely installed IoT devices include: video surveillance, access control, fire and life safety, utilities, conveyance, HVAC and building management.
More on The Floridant
IPG's cybersecurity tool GearBox is a "plug-and-play" tool which inventories devices, performs risk analysis, compliance testing and rogue device detection. This combined with readily accessible normalized data alleviates the level of risk introduced by IoT installations. The IPG team will be joining Cloudastructure, including Steve Kiss, CEO, as General Manager, IoT Security.
Cloudastructure CEO Rick Bentley commented, "The acquisition of IPG means Cloudastructure enterprise customers can enjoy not only a vastly higher degree of cybersecurity than they can with other cloud video surveillance providers, but opt for a robust IoT risk management posture throughout their organization."
IPG CEO Steve Kiss commented, "We couldn't be more pleased joining Cloudastructure, a cloud-based video surveillance provider that views cybersecurity as critically as we do."
Subject to satisfactory completion of customary due diligence and the signing of a definitive agreement, the closing of the deal will be announced on a mutually agreeable date.
Please direct media inquiries to Kathleen Hannon at kathleen@cloudastructure.com or Luly Schlingman at lschlingman@iotgearbox.com.
About Cloudastructure:
Headquartered in Miami, Florida, with R&D in Silicon Valley, California, Cloudastructure's award-winning surveillance video management system is designed and supported by world-class technical resources drawn from five continents. The platform's unique architecture enables AI and computer vision for scalable, flexible, cost-effective security and eliminates the resource-intensive management and data risks of on-premises solutions. Cloudastructure enables a unified view of multiple sites for motion, facial recognition/detection, anomaly detection, object counting, LPR, advanced analytics, and compliance and delivers up to a 75% lower total cost of ownership than other systems. For more information, visit www.cloudastructure.com.
More on The Floridant
About Infrastructure Proving Grounds:
Infrastructure Proving Grounds (IPG) produces the award-winning GearBox IoT security tool. GearBox combines a durable appliance with simple execution to allow industrial operators the insight they need to secure their infrastructure. GearBox provides cybersecurity and performance metrics to some of the nation's most critical infrastructure including utilities, commercial buildings, healthcare and transportation. IPG received the "Most Fundable Company" award from Pepperdine University in 2019, are contributors to the NIST IoT 800-53 security standard and an Intel IoT Solutions Provider. For more information, visit www.iotgearbox.com.
Contacts
Katie Morales
Account Manager
PRforCloudastructure@bospar.com
The acquisition would add an important new layer of cybersecurity to Cloudastructure's expanding physical and cybersecurity platform and a key offering for enterprise customers as they embrace new IoT technologies.
The plethora of IoT devices tells the story. According to a Forrester report, "State of Enterprise IoT Security in North America: Unmanaged and Unsecured":
- 67% of enterprises have experienced an IoT security incident
- 84% of security professionals believe IoT devices are more vulnerable than computers
- 93% of enterprises are planning to increase their spending on security for IoT and unmanaged devices
Routinely installed IoT devices include: video surveillance, access control, fire and life safety, utilities, conveyance, HVAC and building management.
More on The Floridant
- New Bill Opens the Door for Lawsuits Against the Government Based on Contaminated Drinking Water at Camp Lejeune
- Ourseniors.net Welcomes Rx Hearing Aids, Inc
- Southwest Florida Proton announces location in Estero
- Odessa, Florida, Property Sells for Record Price
- Nue Life Health, a Next-Gen Mental Wellness Platform, Makes Three Key Hires Amid Continued Growth
IPG's cybersecurity tool GearBox is a "plug-and-play" tool which inventories devices, performs risk analysis, compliance testing and rogue device detection. This combined with readily accessible normalized data alleviates the level of risk introduced by IoT installations. The IPG team will be joining Cloudastructure, including Steve Kiss, CEO, as General Manager, IoT Security.
Cloudastructure CEO Rick Bentley commented, "The acquisition of IPG means Cloudastructure enterprise customers can enjoy not only a vastly higher degree of cybersecurity than they can with other cloud video surveillance providers, but opt for a robust IoT risk management posture throughout their organization."
IPG CEO Steve Kiss commented, "We couldn't be more pleased joining Cloudastructure, a cloud-based video surveillance provider that views cybersecurity as critically as we do."
Subject to satisfactory completion of customary due diligence and the signing of a definitive agreement, the closing of the deal will be announced on a mutually agreeable date.
Please direct media inquiries to Kathleen Hannon at kathleen@cloudastructure.com or Luly Schlingman at lschlingman@iotgearbox.com.
About Cloudastructure:
Headquartered in Miami, Florida, with R&D in Silicon Valley, California, Cloudastructure's award-winning surveillance video management system is designed and supported by world-class technical resources drawn from five continents. The platform's unique architecture enables AI and computer vision for scalable, flexible, cost-effective security and eliminates the resource-intensive management and data risks of on-premises solutions. Cloudastructure enables a unified view of multiple sites for motion, facial recognition/detection, anomaly detection, object counting, LPR, advanced analytics, and compliance and delivers up to a 75% lower total cost of ownership than other systems. For more information, visit www.cloudastructure.com.
More on The Floridant
- Hesperos, Inc. Appoints New Chief Executive Officer, Dr. James Kronauge
- Florida: Governor Ron DeSantis Encourages Floridians to Participate in Disaster Preparedness Sales Tax Holiday Ahead of 2022 Hurricane Season
- Crowder Bros. Ace Hardware raises $8,607 during spring Children's Miracle Network campaign
- Club Med's Newest European Resort, Club Med Magna Marbella, is Officially Open
- Namify gives restaurateurs a chance at effective branding with its Restaurant Name Generator
About Infrastructure Proving Grounds:
Infrastructure Proving Grounds (IPG) produces the award-winning GearBox IoT security tool. GearBox combines a durable appliance with simple execution to allow industrial operators the insight they need to secure their infrastructure. GearBox provides cybersecurity and performance metrics to some of the nation's most critical infrastructure including utilities, commercial buildings, healthcare and transportation. IPG received the "Most Fundable Company" award from Pepperdine University in 2019, are contributors to the NIST IoT 800-53 security standard and an Intel IoT Solutions Provider. For more information, visit www.iotgearbox.com.
Contacts
Katie Morales
Account Manager
PRforCloudastructure@bospar.com
Filed Under: Business
0 Comments
Latest on The Floridant
- Doral Chamber of Commerce Proudly Welcomes Amped Fitness as a new platinum member
- Cybersecurity-Focused SYN Ventures Closes $300 Million Fund II
- Industrial IoT edge is now creating savings and opening the door to new revenue sources for enterprises
- Black Bourbon Society Partners With Jim Beam® for the 2nd Annual Open Door Tour
- IDpack in the Cloud, the official service provider for the 2022 Memorial Cup presented by Kia
- New Cryptocurrency Swap Platform, RadioShack.org, Nears $40 Mil. in Trading Volume
- RealTerm Energy and Ubicquia Help 30 Cities Reduce Streetlight Energy Consumption by 67%
- ASI Launches iMIS.com Product Website, Expands Resources for Associations & Non-Profits
- Suzahdi on eBay Australia in Warm Winter Leather 2022
- Florida: Memorandum: Flags at Half-Staff in Honor of the Victims of the Tragedy in Uvalde, Texas
- Stratum Nutrition® Announces Market Ready Dairy Free BLIS K12® and BLIS M18®
- MC Residential LLC Names Greg Flatt Regional Vice President
- ENERGY33 is awarded an Engineering & Construction Management Contract in Honduras
- Data Center Leader Volico Selects Healthcare Technology Veteran
- ShiftPixy, Inc. Announces Management Changes
- Quality Auto Repair at Unbeatable Discount Prices now at your Reach with Ice Cold Air
- Join us Memorial Day Weekend - Sunday Brunch in Astoria, Queens
- Jacksonville: JFRD Receives 60 Treadmills From Orange Theory Fitness
- Meals on Wheels South Florida Selected to Benefit in the Fresco y Mas Community Bag Program
- Latino Leaders Network to Honor Mayor Tim Keller of Albuquerque with Antonio Villaraigosa Leadership Award at the 36th Tribute to Mayors