MARKET MOVEMENT
IFS acquires EmpowerMX , enters agreement to acquire Copperleaf Technologies
IFS announced the acquisition of EmpowerMX . EmpowerMX is an AI-powered aviation maintenance software provider specialising in Airframe Maintenance Repair and Overhaul , MRO solutions , which are trusted by the largest aviation organisations in the world , including Embraer , MRO Holdings , Delta and American Airlines .
Together , EmpowerMX and IFS will provide aerospace and defence customers with the most comprehensive and capable maintenance management system that can support multiple users in multiple roles , as well as provide well-documented , paperless governance in the form of electronic task cards and logbooks .
The acquisition will deliver more value and Industrial AI innovation to customers at a time when aviation MROs and the airline industry are experiencing multiple challenges that negatively impact profitability and operational efficiency , including supply chain disruption , labour and skills shortages , capacity shortfall , compliance , and ESG reporting .
Scott Helmer , President of IFS ’ s Aerospace and defence Business Unit , commented : “ Combining EmpowerMX with IFS is a perfect opportunity to proactively advance our leadership position in the aviation MRO software space .”
EmpowerMX ’ s established customer base of aviation brands complements IFS roster of industry leaders including Southwest Airlines , Air France KLM , Lockheed Martin and BAE Systems .
IFS also entered into a definitive agreement to buy Copperleaf Technologies . As the most advanced provider of AIpowered enterprise Asset Investment Planning and Management , Copperleaf offers compelling capabilities that add further depth to IFS ’ s position as the foremost global Enterprise Application Software provider for Asset and Service centric industries .
Customers will have access to advanced Industrial AI-powered software to manage every element of the assets that are so crucial to their business , across their lifecycle , in order to drive efficiency and effectiveness in their operations .
Over two trillion dollars of physical and digital assets around the world are managed using Copperleaf software , which provides data and insights to help customers optimise decisions on where and when to invest in their business .
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Tenable announces agreement to acquire Eureka Security for data security posture management in cloud
Tenable announced that it has signed a definitive agreement to acquire Eureka Security , provider of data security posture management , DSPM for cloud environments . Eureka Security helps security teams gain a holistic view into an organisation ’ s cloud data security footprint , fight policy drift and misconfigurations that put data at risk , and continuously improve their security posture over time . The acquisition is expected to close this month .
By adding DSPM capabilities to its CNAPP solution , Tenable will help customers identify key evidence related to cloud data risk , including where sensitive data resides in the cloud , who has access to that data and the severity of the risk posed by potential data compromise . This type of visibility is central to an organisation ’ s ability to accurately assess its cloud security compliance .
In the 2024 Tenable Cloud Security
Outlook study , 95 % of organisations polled had experienced cloud-related breaches in the previous 18 months . Among those , 92 % reported exposure of sensitive data , and a majority acknowledged being harmed by the data exposure .
The integration of DSPM will round out the current Tenable Cloud Security solution that already includes such key capabilities as unified CNAPP , iron-clad CSPM protection ,
Shai Morag cloud workload protection and industry- CIEM , among others , which will give security teams the context and prioritisation guidance to make efficient and accurate remediation decisions .
The Eureka Security DSPM capabilities are expected to be natively integrated into Tenable Cloud Security and its CNAPP solution later this year .
“ Eureka Security ’ s technology will enable Tenable to provide even better prioritisation of cloud risks and identify toxic combinations beyond vulnerabilities , misconfigurations and over-privileged access to include data at risk as well ,” said Shai Morag , Senior Vice President and General Manager of Cloud Security , Tenable .
“ This is another example of how we are pushing the envelope in cloud security innovation for customers and the market forward by developing best-inclass capabilities .” •
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