Cloudastructure Eyes Acquisition of IPG to Boost the IoT Cybersecurity Space

Cloudastructure, a cloud video surveillance provider, has announced that it has signed a Letter of Intent to purchase cybersecurity company IPG for the Internet of Things, adding an important new layer of cybersecurity to Cloudastructure’s expanded cybersecurity physical platform and a major showcase for enterprise customers as they embrace the new IoT. techniques.

Routinely installed IoT devices include: video surveillance, access control, fire and life safety, utilities, transportation, HVAC, and building management.

IPG GearBox’s Cyber ​​Security Tool is a “plug and play” tool that performs hardware inventory, risk analysis, compliance testing, and rogue device detection.

This combined with easily accessible standard data mitigates the level of risk posed by IoT installations. The IPG team will be joining Cloudastructure, including CEO Steve Kiss as General Manager Security for the Internet of Things.

Rick Bentley, CEO of Cloudastructure, said, “The acquisition of IPG means that Cloudastructure enterprise customers can not only enjoy a much higher degree of cybersecurity than they can with other cloud video surveillance service providers, but also choose a robust position to manage IoT risks across all industries. throughout their organization.

Subject to the satisfactory completion of the usual due diligence and the signing of a definitive agreement, the closing of the transaction will be announced on a date agreed upon by the parties. Terms of the deal were not disclosed.

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