General Electric to Buy Canadian Cybersecurity Company

Posted by Techvibes NewsDesk

This morning General Electric announced it had completed a deal to buy Vancouver's Wurldtech, a cyber-security firm that protects big industrial sites like refineries and power plants from cyber attacks.

Wurldtech will keep its name and operate as a wholly owned subsidiary of GE. Terms of the deal weren't disclosed.

GE said the deal is one of several moves the company has taken to "help protect critical infrastructure and advance cybersecurity efforts globally for key industries."

The move comes amid a rash of cybersecurity breakdowns at high-profile companies, such as Target Corp. , whose massive customer-data breach late last year weighed on sales and led to the replacement of its chief executive.

Wurldtech's services focus on security for industrial machinery and infrastructure, including oil production, electrical generation and distribution, pharmaceuticals, and water and wastewater. Its services include test products that test operational vulnerabilities, as well as products that work to protect operations-technology networks, according to the company.

"The world of OT security needs to be foundationally different from traditional IT detection systems," GE Software executive Bill Ruh said in a release. "Securing connected machines has a unique set of complexities that are very different from protecting a datacenter."

Company:
Wurldtech Security Technologies
Website:
http://www.wurldtech.com
Location:
Vancouver, British Columbia, Canada

Wurldtech is a Vancouver-based technology firm consisting of globally recognized cyber intrusion experts, network security specialists and controls systems professionals offering a new class of security products and services to help corporations and government agencies defend Supervisory Control and Data Acquisition (SCADA) and industrial control systems from cyber attack. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more




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