On September 21, 2016 Phoenix Contact Innovation Ventures GmbH became a shareholder in Dutch company SecurityMatters B.V.
The Eindhoven-based company is a leading provider of cyber security solutions for industrial control systems.
SecurityMatters has sold its platform for network monitoring and anomaly detection, SilentDefense, internationally since its launch in 2013. Areas of application include energy generation, power transmission and distribution, water supply, infrastructure solutions, the chemical industry, Oil and Gas, and industrial production technology.
“SecurityMatters provides solutions for critical infrastructure and Industrie 4.0. Industrial applications in particular offer significant market potential, as cyber security solutions are already very much in demand here. The solutions offered by SecurityMatters fit perfectly with Phoenix Contact's areas of expertise, especially with regard to Industrie 4.0,” explains Marcus Böker, Managing Director of Phoenix Contact Innovation Ventures.
Alongside Phoenix Contact Innovation Ventures and Robert Bosch Venture Capital, fellow investors in the syndicate include KPN Ventures from the Netherlands and Emerald Technology Ventures from Switzerland. The Swiss company leads the syndicate of four companies. Phoenix Contact Innovation Ventures holds a minority interest in SecurityMatters.