OEP Partnership to Leverage Cybersecurity Experience and Drive Growth Through Transformational M&A
NEW YORK – One Equity Partners (“OEP”), today announced that it has made an investment in Armis (the “Company”), the leading unified asset visibility and security platform provider. The investment will be used to accelerate the Company’s strategic platform development and global go-to-market initiatives, and to support future acquisitions.
Armis is the #1 leader in asset visibility and security intelligence for managed and unmanaged IT, OT, IoT, IIoT, IoMT, cloud instances, networks, endpoints, wireless, and LTE/5G devices. Armis is the only cybersecurity company that provides complete visibility, vulnerability detection, and risk management to all assets across the IT, enterprise, medical, operational technology, ICS, IoT, and IIoT environments.
“OEP is the exact type of investor we need at this juncture. They deeply understand our sector, and their mergers and acquisitions expertise will help support us achieving our expansion goals and objectives,” said Yevgeny Dibrov, Chief Executive Officer and Co-Founder. “We look forward to OEP joining our Board and working with our investor group to continue to scale and to acquire strategically important assets.”
OEP has deep experience within the cybersecurity space through prior investments in Mandiant and Verimatrix and was brought on by Armis as a partner to accelerate the Company’s growth by sourcing and executing transformational acquisitions. OEP will join the Board and lead Armis’ acquisition strategy alongside existing investors. The Company will continue to be operated by its two co-founders, Yevgeny Dibrov, CEO, and Nadir Izrael, CTO, and the executive team.
“Armis is one of the industry leaders when it comes to asset visibility and security,” said Ori Birnboim, Managing Director, OEP. “We see a growing need for enterprises in a unified offering, and we are excited to work together with our partners to further accelerate the growth trajectory of the company and safeguard assets around the world.”
We believe that the close alignment of OEP’s portfolio and Armis’ capabilities across the healthcare, industrial and technology sectors will drive significant customer acquisition and expansion. Allegro Microsystems, a leading manufacturer of ultra-modern regulators and magnetic sensors for motion control and energy efficiency, will be the first OEP portfolio company to deploy Armis’ products throughout its networks.
“OEP and Armis see great value in quickly deploying the Company’s industry-leading asset security capabilities across OEP’s portfolio,” said Andrew Dunn, Managing Director, OEP. “Given our experience in the cybersecurity market, we also plan to assist Armis in quickly extending its asset security leadership through strategic acquisitions.”
“Armis continues expansion into Healthcare, Federal, SLED, and OT sectors in addition to our traditional IoT, IT, and Enterprise services and capabilities. The investment by OEP will fuel platform development, regional expansion, and an enhanced go-to-market team,” said Nadir Izrael, Chief Technology Officer and Co-Founder. “We are winning market share in all our new verticals and have become the leading cybersecurity player when it comes to seeing all assets and devices.”
About One Equity Partners
One Equity Partners (“OEP”) is a private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt, and Amsterdam. For more information, please visit www.oneequity.com.
Armis is the leading unified asset visibility and security platform designed to address the new threat landscape that connected devices create. Fortune 1000 companies trust our real-time and continuous protection to see with full context all managed, unmanaged, and IoT devices, including medical devices (IoMT), operational technology (OT), and industrial control systems (ICS). Armis provides passive and unparalleled cybersecurity asset management, risk management, and automated enforcement. Armis is a privately held company and headquartered in Palo Alto, California.