Today is a bold step into the future for Medigate. I am very excited to share that we have entered into an agreement to join forces with Claroty to realize a common mission to empower organizations to identify, manage and protect their connected devices and critical assets.
This is a smart acquisition for Medigate, our customers and for the healthcare market as a whole. Our companies are the world’s leading healthcare and industrial cybersecurity solution providers. Backed by SoftBank Vision Fund 2, Bessemer Venture Partners and Schneider Electric, we are combining our incredible talent, technology and IP which will allow us to keep growing, investing in and innovating on a larger scale to drive value for our customers. Together, we will become the largest global IoT security company in the world with the opportunity to truly change the way organizations identify, secure, and manage their connected assets on a massive scale.
Our customers have always been our first priority and that will not change. Our management and GTM and customer success teams will remain the same to ensure there is no change to the white glove experience we aim to deliver every day. Medigate will retain its distinct brand as well as our independence and culture. What you will see is that we will have even more resources and OT related technical capabilities to drive the new innovation you’re asking for and the ability to deliver even greater ROI immediately.
Combining Medigate’s leadership in delivering unmatched visibility, protection & threat detection for medical devices with Claroty’s leadership in doing the same for industrial OT devices, will create a powerhouse for security of the Extended internet of Things (XIoT) in healthcare. Organizations can now confidently connect their IoMT, OT, IoT and IT assets with a single, best of breed solution.
Our tech partners are leaders in their market segments and generally address multiple verticals. With the combining of Medigate’s and Claroty’s leadership in OT, IT, IoT and IoMT security, our partners can now focus on a single best of breed solution that aligns with their go to market strategy.
Change is never easy but to help every mission critical organization realize the full benefit of all their connected assets without sacrificing security is extremely exciting. I’m more energized than ever to continue driving our goal of helping secure every connected device at scale to help organizations embrace digital transformation so they can support our lives.