Venture-capital owned Armis, recognized for its proactive approach to cybersecurity, has acquired the cybersecurity startup CTCI in a deal valued at nearly $20 million. The strategic move involves integrating CTCI’s expertise and technology into Armis’ existing Centrix cyber exposure management platform over the next 30 days. The objective is to establish what Armis claims to be the most advanced early warning cyber intelligence system globally.
Armis, headquartered in San Francisco, plans to leverage CTCI’s capabilities, particularly in honeypot deployment and integrating intelligence from criminal underground forums. The acquisition aligns with Armis’ focus on preparing companies for cyber threats before they materialize. Armis CEO Yevgeny Dibrov, a veteran of Israeli cyber intelligence Unit 8200, highlights the importance of preemptive measures in the face of escalating cyber threats.
Insight Partners, an early investor, acquired a majority stake in Armis in 2020, valuing the company at $1.1 billion. Armis, having raised approximately $600 million and claiming a worth of $3.4 billion in February 2022, continues its growth trajectory. The acquisition of CTCI, known for its Cyber Threat Cognitive Intelligence, marks Armis’ first move in this direction, with potential future acquisitions in the pipeline, including negotiations to buy Silk Security for tens of millions of dollars, according to reports.
