Clavister has acquired Omen Technologies AB.
Omen’s customers and projects are based in Northern Europe (primarily in Sweden) and currently largely in mission-critical applications. For example, Clavister and Omen are already partnering alongside BAE Systems to build AI-based cybersecurity for CAN & IP traffic in vehicles in the Defence sector. Over time, Omen’s AI technology will become embedded in most of the Clavister solutions as it is applicable to all of Clavister’s focus sectors.
Given the market trends in cybersecurity, AI has been a high priority capability on the Clavister development roadmap. Not only is the acquisition of Omen a cost-effective way of gaining this capability, it also accelerates time to market with the potential of several meaningful revenue-generating accounts live in 2022. Omen’s technology has successfully been trailed by several large companies outside of the two companies’ joint defense-related projects. Their additional prospective clients represent very attractive growth opportunities for Clavister, which, combined with high gross margin, translates into a strong potential EBITDA growth driver.
Clavister CEO John Vestberg said: “We have partnered with Omen Technologies for some time and have been impressed by their ability to innovate solutions that protect integrated systems from the start. It is clear that AI-based technologies will play a vital role in all cybersecurity moving forward. Cyberattacks are ever evolving and we need solutions that can analyse new trends and patterns quickly so we can remain secure in a connected world. The entirety of the Clavister product suite will be enhanced through this acquisition and I am confident that the addition of the team will further accelerate our focus and ability to expand across all sectors.”
Wissam Aoudi, CEO and co-founder of Omen Technologies said: “We are incredibly proud of the advancement we have made in the area of AI-based cyber protection. Our dedication to developing innovative technology built to combat modern cyber threats has seen us gain attention from leading manufacturers. Joining forces with Clavister – a company that has been at the forefront of the Swedish and European cybersecurity market for many years – will only enable our vision and goals to be achieved faster and on a much larger scale.”
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