Nozomi Networks announced they have signed a definitive agreement to be acquired by Mitsubishi Electric. Nozomi Networks will be a wholly owned subsidiary, operating independently of Mitsubishi Electric. This acquisition accelerates Nozomi’s industrial cybersecurity innovation while maintaining the company’s heterogeneous approach to supporting customers and partners.
Mitsubishi Electric took part in Nozomi’s $100 million Series E funding round, announced in March 2024, and the two companies have collaborated on innovation and go-to-market since. This combined history informed the foundation of this transaction.
The acquisition of Nozomi Networks brings into Mitsubishi Electric’s capabilities a strong and growing AI-powered, Cloud-first cybersecurity software business with an award-winning track record of scalable innovation. Nozomi’s world-class innovation and engineering teams, as well as its history of financial success, will strengthen Mitsubishi Electric’s ability to deliver cutting-edge solutions to customers worldwide.
With more than 100 years of global industrial operational technology (OT and IoT) experience, Mitsubishi Electric will support Nozomi’s continued cybersecurity innovation and strong track record of business growth, as well as enable both companies to accelerate digital transformation for critical infrastructure and industrial organizations worldwide.
The companies share a strong vision around the power of data and context from OT/IoT environments, paired with robust AI to deliver more effective cyber defences and material operational improvements for customers. Both companies also share a deep commitment to customer success, a partner-first business model, and fostering a strong corporate culture that values and supports employees.
There will be no disruptions to current operations, roadmaps, or partnerships. Nozomi’s teams, offices, and points of contact remain unchanged, ensuring a seamless experience for all its stakeholders.
“We are excited to welcome Nozomi to the Mitsubishi Electric family. Their cutting-Edge OT security technology and rapid development philosophy have earned them a strong reputation,” said Satoshi Takeda, Mitsubishi Electric Senior Vice President, CDO, Chief Information Officer, Board Member, Mitsubishi Electric. “By combining Nozomi’s strengths with Mitsubishi Electric’s extensive expertise and capabilities in OT, I believe we can achieve even more. This acquisition will enable us to co-create valuable new services while supporting Nozomi’s commitment to innovation and customer flexibility. Together, we can help our customers achieve their digital transformation goals while enhancing security, efficiency, and resilience.”
“This marks an exciting new chapter for Nozomi Networks. By becoming part of Mitsubishi Electric, we will combine our strengths to drive the next generation of industrial security and innovation to bring additional value for customers around the world,” said Edgard Capdevielle, President and CEO of Nozomi Networks. “Nothing will change in our day-to-day engagement with Nozomi customers and partners – they will continue to receive the same support and service, and the same cutting-Edge OT and IoT cybersecurity platform they have come to trust. With the combined global reach and resources of both companies, we can supercharge our innovation engine, helping industrial organisations secure and accelerate their own digital transformations.”
The acquisition is expected to close in the Q4 2025. Upon close, Nozomi will maintain headquarters in San Francisco, California, and research and development in Mendrisio, Switzerland.
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