PAS, a provider of industrial control system (ICS) cybersecurity, process safety and asset reliability solutions for the energy, power and process industries, announces a $40 million growth investment by Tinicum, L.P. and certain affiliated funds managed by Tinicum Incorporated. Tinicum is a private investment partnership focused on late stage investments in manufacturing, energy, technology, media and infrastructure. This funding round will reportedly expand PAS sales and marketing across its global offices as well as increase research and development for Cyber Integrity, its flagship cybersecurity software product. Cyber Integrity protects critical infrastructure from risks associated with rising industrial internet of things (IoT) adoption, malicious cyber attacks, and insider threats, according to the company.
“Critical infrastructure is vulnerable to outsider cyber attacks and to malicious or unintended insider actions,” says Trip Zedlitz, partner at Tinicum. “The cyber assets that matter most—the ones primarily responsible for safety and production in power generation plants, chemical facilities, and refineries—are some of the most insecure systems in industry today.”
Industrial control systems have responsibility for running critical infrastructure safely and reliably. These systems have traditionally relied on complexity, air gapping and perimeter-based defenses to remain secure. Such strategies have proven largely unreliable and porous, according to PAS. PAS Cyber Integrity reportedly deciphers the complex, proprietary configurations of control systems giving companies complete visibility into critical cyber assets. It also identifies unauthorized changes, exposes vulnerabilities, drives compliance and helps facilities recover rapidly in the event of a worst-case scenario, according to PAS. Cyber Integrity works across the heterogeneous automation environment, reportedly providing enterprise scalability, performance, and platform independence.
In conjunction with the investment, PAS, Inc. has reincorporated under the new name PAS Global, LLC.
For more information, visit: www.pas.com
