Axonius Expands Footprint with Cynerio Acquisition for Security
Axonius Acquires Cynerio to Boost Medical Device Security
Axonius, a leader in cyber asset intelligence, recently made a significant move in enhancing healthcare cybersecurity by acquiring Cynerio, a prominent name in medical device security, for more than $100 million. This transaction combines cash and stock components, reflecting the strategic importance of this acquisition to address growing concerns within the healthcare sector.
Meeting a Vital Need in Healthcare
The acquisition highlights a pressing issue faced by healthcare providers: the increased number of connected medical devices has created a wide and largely unprotected attack surface. These devices, crucial for patient care, often go unnoticed by traditional cybersecurity tools, which makes them particularly vulnerable. This acquisition is poised to mitigate such risks dramatically.
Addressing Digital Security Gaps
Dean Sysman, co-founder and CEO of Axonius, emphasized the extent of the issue, stating that hospitals have been grappling with a substantial digital security blind spot. Medical devices, from infusion pumps to MRI machines, have remained invisible to cybersecurity initiatives, which poses serious threats to patient safety and hospital operations. With this acquisition, Axonius aims to illuminate this hidden risk landscape.
Leveraging Combined Expertise
Sysman remarked on the potential synergy, stating, "By combining Cynerio's extensive clinical knowledge with Axonius's asset intelligence, we can provide healthcare institutions with a comprehensive source of truth for securing their entire clinical environment." The integration of these capabilities is anticipated to offer solutions that healthcare providers have long sought.
Innovative Security Solutions for Healthcare
Rasu Shrestha, MD, MBA, and Chief Innovation and Commercialization Officer at Advocate Health, noted the importance of the acquisition in bridging the gap between clinical and enterprise systems. "The collaboration between Cynerio's specialized medical device knowledge and Axonius's robust asset intelligence directly tackles existing challenges in healthcare environments," he said. This initiative signifies a vital step towards building more resilient security strategies that support effective patient care technology.
Transforming the Cybersecurity Landscape
This acquisition signifies a landmark shift in the cybersecurity landscape specific to healthcare. Both Axonius and Cynerio recognized an increasing demand among customers for a unified management platform that secures both clinical environments and traditional IT infrastructure. By merging their strengths, the companies are well-positioned to respond to immediate hospital needs while laying groundwork for advances in Cyber-Physical Systems (CPS) security.
Leadership and Future Directions
Under this new structure, Cynerio's co-founder and CEO, Leon Lerman, will step into a senior vice president role at Axonius, while co-founder Daniel Brodie will contribute to the Office of the CTO. The inclusion of the Cynerio team into Axonius aims to accelerate the company's reach and impact within the healthcare sector. Specific transaction details were not disclosed.
About Cynerio and Axonius
Cynerio is dedicated to securing every medical device within healthcare systems, ensuring capabilities such as microsegmentation and enhanced device insight, while simultaneously working to combat issues like ransomware. Axonius, known for transforming asset intelligence into effective risk management actions, offers a platform designed to unify data across organizational systems, allowing teams to streamline security efforts. Their collaborative vision empowers healthcare professionals to prioritize patient safety while navigating a complex digital landscape.
Frequently Asked Questions
What is Axonius and what do they do?
Axonius specializes in cyber asset intelligence, providing solutions that help organizations manage and secure their digital assets effectively.
Why did Axonius acquire Cynerio?
The acquisition aims to enhance medical device security in healthcare by integrating Axonius's asset intelligence with Cynerio's clinical expertise.
What are the benefits of this acquisition for healthcare providers?
This merger provides healthcare entities with a more comprehensive approach to securing medical devices and managing cybersecurity risks.
What challenges in healthcare cybersecurity does this acquisition address?
It aims to resolve the growing security issues related to the proliferation of connected medical devices that have been overlooked by traditional security tools.
Who will lead Cynerio's team at Axonius?
Leon Lerman, Cynerio's co-founder and CEO, will join Axonius as senior vice president, leading initiatives to advance healthcare security.
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