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New Deal


Announced

Completed

Mitsubishi Electric and Schneider Electric led a $100m Series E round in Nozomi Networks.

Financials

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Transaction Value£78m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

internet of things

United States

cybersecurity

Acquisition

Cross Border

Minority

Private

Completed

Friendly

Single Bidder

Synopsis

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Mitsubishi Electric, an electrical and electronic products manufacturer, and Schneider Electric, a digital automation and energy management, led a $100m Series E round in Nozomi Networks, a OT and IoT security company. "As we meet with customers around the world, the reality is that they operate highly heterogeneous environments and are looking for a security platform that can effectively defend those environments. This investment clearly underscores the need and support for OEM-agnostic security solutions in light of today's escalating attacks against critical infrastructure around the world," Edgard Capdevielle, Nozomi Networks President and CEO.

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