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.”