I posted news last September that Mitsubishi announced plans to acquire cybersecurity firm Nozomi Networks. That acquisition is now complete.
The viability of all these cybersecurity firms as independent businesses has always sparked curiosity in me. The latest press release puts Nozomi revenues at about $100M. Not a sizable business by today’s standards. But their product certainly hits a sweet spot of demand for customers. Boards and insurers increasingly pressure management to assure security.
An acquiring firm of a generalist technology will always face concerns from companies who don’t use their products. Will we be phased out unless we switch suppliers. These concerns are addressed. Nozomi Networks assures customers it will be operating independently as a wholly owned subsidiary delivering vendor‑agnostic OT/IoT cybersecurity solutions to its global customer and partner community.
From the news release:
Nozomi Networks announced January 27, 2026 that Mitsubishi Electric Corp. has completed its acquisition of the company. Originally announced on September 9, the transaction marks the start of a new phase of growth for Nozomi Networks while preserving the company’s independent operations, vendor‑neutral technology roadmap, and established go‑to‑market partnerships. As a wholly owned subsidiary, Nozomi Networks will continue to support the full OT/ICS ecosystem with the same open, multi‑vendor approach that has made it a trusted partner to critical infrastructure operators worldwide.
I’m not sure how a company knows the financial details of its privately held competitors. But Nozomi Networks states it is also the first privately held OT cybersecurity company to achieve sustained cash flow and break‑even performance – further underscoring the strength of its model, the durability of its platform, and the confidence organizations place in its independent, vendor‑agnostic approach.
Other notable milestones the company achieved in 2025 include:
- Significant new and expanded partnerships with global technology leaders including Schneider Electric, Hitachi Cyber, Nvidia, Dispel, and Xona
- 24% employee headcount growth
- Among the fastest growing companies in North America on the 2025 Deloitte Technology Fast 500
- Named to Fast Company’s World’s Most Innovative Companies 2025 list
- Named a Leader in the Gartner Magic Quadrant for CPS Protection Platforms and is a Leader in the Forrester Wave for IoT Security, as well as the only recognized Customers’ Choice in Gartner’s Voice of the Customer for CPS Protection platforms
- Recognized by Gartner as “The Company to Beat for AI in CPS Protection Platforms”
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