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Rockwell Automation announced that it has signed a definitive agreement to acquire Verve Industrial Protection, a cybersecurity software and services company that focuses specifically on industrial environments. This acquisition will expand the offerings of Rockwell Automation with the addition of Verve's asset inventory system and vulnerability management solution.
A recent Rockwell Automation report found that operational technology (OT) and industrial control systems (ICS) attacks are on the 
rise, with 60 percent of the incidents studied resulting in operational disruption. As companies continually add hardware and software alongside legacy equipment in plants, many organizations can struggle to manage and protect these assets across an expanded attack surface, increasing the potential for cyberattacks. Meanwhile, the industry has challenges finding the resources and talent needed to implement and manage operational technology (OT) cybersecurity programs.
The Verve Security Center platform helps to provide users with real-time asset inventory, vulnerability management, and risk remediation that will further strengthen Rockwell Automation’s current offerings and address these issues.
The Verve Security Center platform was built to provide IT-level security while addressing the challenges of the OT environment. The Verve platform is an asset inventory system that recognizes any manufacturer's industrial assets with its proprietary approach that communicates directly with the assets, gathering information without impacting network performance and interrupting production. It then aggregates a range of data sources, including Rockwell Automation’s partner technologies, into its platform as a “single pane of glass” that provides actionable insights for customers to more quickly address their highest risk assets.
Verve professional services also provides ongoing remediation, along with strategic roadmap and business case development, which further deepens Rockwell Automation’s cybersecurity consulting capabilities and helps to provide customers with comprehensive capabilities that span the attack continuum with the combined expertise of Verve, Rockwell Automation, and Rockwell Automation’s technology partnerships.
The acquisition is subject to customary approvals and is expected to close in the first quarter of Rockwell Automation’s fiscal year 2024. At close, Verve will report into Rockwell Automation’s Lifecycle Services operating segment.