TEL AVIV, Israel, Feb. 27, 2019 /PRNewswire/ -- SCADAfence, the technology leader in providing cybersecurity and visibility solutions for Operational Technology (OT) security, announces the appointments of Elad Ben-Meir as the company's Chief Executive Officer and Darrell Stein to the Advisory Board.
SCADAfence, which was recently named by Forbes as one of the Top 25 IoT Startups to Watch In 2019, has grown its headcount by more than 200% since this time last year. The company, which has seen a 300% increase in revenue growth in Q4 2018 vis-a-vis Q4 2017, continues to see great demand for scalable OT security solutions due to the widespread adoption of Industry 4.0. As recognition of its increasing traction, SCADAfence was recently chosen to secure Europe's largest manufacturing facility – protecting tens of thousands of devices in a highly complex environment.
Elad Ben-Meir brings 15 years of experience in various executive roles in the cybersecurity space: "I look forward to leading the team in fulfilling its mission to protect the largest and most complex OT environments in the world. In today's connected industrial era, continuous visibility and threat detection are key to enabling new industrial IoT business opportunities," said Elad. "We have a strong team of OT security experts and gained tremendous traction in 2018, with 2019 looking even more promising thanks to the huge demand for our platform."
Darrell Stein joins SCADAfence after almost two decades as a Global CIO, most recently at Reckitt Benckiser – where he experienced first-hand manufacturing production downtime and the associated recovery due to the NotPetya ransomware and how professional OT security can protect a company's revenue and bottom line. "Manufacturers and OT operators are constantly implementing advanced Industry 4.0 to cut costs and increase productivity," said Darrell. "SCADAfence's solution has the right approach to help these organizations ensure their safety, reliability, and security in the process."
"Darrell's expertise, experience, and guidance will continue to help us in our mission to bridge the gap between IT and OT and ensure the proper integration of OT security into industrial organizations," said Elad. "We're excited to have him on board."
During RSA, SCADAfence will demonstrate the latest release of its OT security platform. The new release features cutting-edge algorithms that accurately detect anomalous activities in the largest, noisiest, and most complex OT networks. The adaptive baselining capabilities allow the platform to correlate multiple events, minimize the number of incidents, and present the right context to allow IT and OT teams to effectively respond to threats. In addition, the new release includes advanced visibility enhancements, risk exposure analysis, active polling capabilities, and integration into other management and security solutions.
SCADAfence will be at RSA 2019 March 4-8 at the Moscone Center in San Francisco, South Expo Booth #653W at the Israel National Pavilion
SCADAfence helps companies with large-scale operational technology (OT) networks embrace the benefits of industrial IoT by reducing cyber risks and mitigating operational threats. Our non-intrusive platform provides full coverage of large-scale networks, offering best-in-class detection accuracy, asset discovery and user experience. SCADAfence seamlessly integrates OT security within existing security operations, bridging the IT/OT convergence gap. We deliver security and visibility for some of the world's most complex OT networks, including Europe's largest manufacturing facility. Thanks to SCADAfence, companies in manufacturing, building management and critical infrastructure industries can operate securely, reliably and efficiently as they go through the digital transformation journey. More information is available at https://www.scadafence.com