Lockheed Martin gobbled up Industrial Defender, giving credence to the growing trend in industrial and infrastructure security.
Massachusetts-based and privately held Industrial Defender, complete with 130 employees and three facilities, has been acquired by Lockheed Martin, giving credence to the growing trend in industrial and infrastructure security.
This makes sense for Lockheed, given its foray into commercial markets such as pharmaceutical and financial industries, rather than the defense segment it has always addressed. The rate of hacking attempts into both corporate and government infrastructure is alarming. Industrial Defenders is already serving 400 companies in at least 25 countries to protect their resources.
Lockheed is recognized as a cybertech and IT security company. The acquisition moves them further into the critical infrastructure security realm. The value of industrial control security is expected to explode to $10.33 billion in just the next four years, according to a report just published by MarketsandMarkets.
Mergers and acquisitions are rampant in the global cyber-security area, where spending for the entire segment reached $60 billion in 2011. Deal activity in half of 2011 alone totaled 37 deals and more than $10 billion in deal value, up $70% over full-year 2010, according to PwC. It looks like we should expect to see many more such acquisitions as companies jockey to be security service providers across many industries. The terms of the Lockheed deal were not disclosed.