Allot Expands Security Offering with
Acquisition of Netonomy
Allot Communications Ltd. (NASDAQ: ALLT, TASE: ALLT), a provider of leading innovative network intelligence and security solutions for service providers worldwide, announced that it has signed a definitive agreement to acquire Netonomy Ltd., a developer of software-based cyber security for the connected home, with closing anticipated to occur in a very short period.
The
acquisition is in line with Allot’s strategy of providing Communications
Service Providers (CSPs) with comprehensive security solutions for their
customers. As the adoption of IoT and connected devices at home continues to
grow rapidly, it is becoming increasingly difficult to manage and prevent
security breaches on these devices. Netonomy’s technology integrates a unique
software component onto existing routers, enabling device management as well as
a variety of protective security functionality on those devices.
Allot’s
leading mobile protection solutions are already deployed widely by CSPs to
protect their mobile customers. Leveraging Netonomy’s technology in concert
with Allot’s solutions will provide CSPs the ability to offer comprehensive and
seamless security to the consumer anywhere, anytime.
“Allot
continues to invest in leading network-based security capabilities to empower
CSPs to offer value added security services to consumers and businesses.” Said
Erez Antebi, President and CEO at Allot. “This acquisition complements our
developments in Security by adding advanced home router protection
capabilities, which are critical in the IoT Security value chain.”
Source:
Allot Communications and
Netonomy media announcement