MARKET MOVEMENT
IFS to acquire Falkonry that provides automated data analysis for manufacturing , defence
IFS , the global cloud enterprise software company , announced it has signed a definitive agreement to acquire Falkonry , a California-based Industrial AI software company that provides automated , highspeed data analysis to the manufacturing and defence industries . The AI-based , self-learning solution continuously monitors large volumes of data for assets , machines , systems , and industrial processes to discover and analyse unusual behaviour and causes of failures .
This acquisition follows soon after IFS ’ s acquisition of Poka , a provider of connected worker technology that empowers factory and field operatives to work smarter , safer and drive productivity . The combination of Falkonry and Poka with IFS Cloud makes IFS a compelling vendor for organisations wanting to establish Smart Factories of the future . IFS expects the acquisition of Falkonry to complete in Q4 2023 .
By analysing terabytes of machine and sensor data , Falkonry AI applications identify developing faults earlier and better than would ever be possible with manual systems . Maintenance and operations teams use Falkonry applications for faster troubleshooting and taking timely actions . This patented AI requires no set up and securely scales across the enterprise in both cloud and edge .
IFS CEO , Darren Roos , commented : “ Falkonry is unique in the market because its technology is agnostic and also it does not require data scientists . These are great differentiators for Falkonry that means the third-party apps are connected . This ever-
Darren Roos ( left ) and Nikunj Mehta
solution is both scalable and low-cost to implement , two fundamental attributes that very much align to our own values .”
By leveraging Falkonry ’ s automated and self-learning AI , organisations can democratise intelligence , enabling operational users to take timely actions to prevent asset downtimes , quality issues , and emission violations and automate process and workflow improvements .
Headquartered in California , USA , and regional presence in Mumbai , India , Falkonry was founded in 2012 by CEO Nikunj Mehta .
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Check Point acquires Atmosec to enhance SaaS offering and address security gaps in SaaS applications
Check Point Software Technologies announced acquisition of Atmosec . An early-stage start-up , Atmosec specialises in the rapid discovery and disconnection of malicious SaaS applications , preventing risky 3rd party SaaS communications , and rectifying SaaS misconfigurations . The move reinforces Check Point ’ s commitment to enhance its SaaS security offering and address the security gaps and blind spots in SaaS applications .
The widespread adoption of SaaS applications has exposed organisations to an increased array of cyber threats . Statista reports an average use of 130 SaaS applications by organisations globally . Yet , Atmosec ’ s research reveals that there are approximately 700 additional SaaS applications in use without IT ’ s knowledge .
Moreover , within popular enterprises SaaS platforms like O365 and Slack , hundreds of expanding SaaS landscape not only increases the potential attack surface , but it also introduces many apps that could be harmful or misused to leak sensitive information , often bypassing proper IT authorisation .
“ The shift to SaaS applications introduces specific challenges , notably in the realm of
Nataly Kremer malicious SaaS-to-SaaS communications . Atmosec ´ s capabilities in SaaS discovery , risk assessment , and full visibility are instrumental in addressing these challenges ,” says Nataly Kremer , Chief Product Officer and Head of R & D at Check Point Software Technologies .
“ Integrating Atmosec ’ s technology into Check Point Infinity sets us to deliver one of the industry ’ s most secure SASE solutions , enabling organisations to effectively manage SaaS security , prevent data leaks , unauthorised access , and malware dissemination , and ensure a robust , adaptive zero trust environment .”
With Atmosec ’ s technology , Check Point Infinity will offer SaaS security with continuous SaaS posture management , prevention of malicious communications , SSPM , and a full security stack for SaaS apps including threat prevention , data protection , and adaptative zero-trust access controls for both users and devices , CASB . •
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