Industrial Cybersecurity Firm Applied Risk Acquired by DNV

Norway-based assurance and risk management solutions provider DNV is acquiring industrial cybersecurity company Applied Risk in an effort to create an “industrial cybersecurity powerhouse.”

The companies will merge under the DNV brand. Financial terms of the deal have not been disclosed.

Founded in 2012 and based in Amsterdam, the Netherlands, Applied Risk provides industrial security, certification and compliance, incident response and forensics, and training services to organizations in a wide range of industries.

DNV provides advisory, certification, classification, data and analytics, inspection, software, testing, training, and verification and assurance services to organizations in the maritime, oil and gas, power, cybersecurity, aerospace, automotive, food and beverage, healthcare and other industries.

“Bringing together Applied Risk and DNV’s impressive teams of industrial cyber security experts is the first step in our plan to build a cyber security powerhouse through acquisitions and partnerships with top-tier cyber security firms around the world,” said Liv Hovem, CEO of DNV’s Accelerator, a new business unit focusing on acquisitions and partnerships.

“We will also welcome more talent into the business as we grow, offering the opportunity to work on some of the world’s most advanced and complex cyber security projects alongside DNV’s global team of nearly 12,000 industrial domain experts,” Hovem added.

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Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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