Cloudastructure Eyes Acquisition of IPG to Boost the IoT Cybersecurity Space   

Cloudastructure, a cloud video surveillance provider, announced it has signed a Letter of Intent to purchase the IoT cybersecurity company IPG, adding an important new layer of cybersecurity to Cloudastructure’s expanding physical and cybersecurity platform and a key offering for enterprise customers as they embrace new IoT technologies.

Routinely installed IoT devices include: video surveillance, access control, fire and life safety,  utilities, conveyance, HVAC and building management.

IPG’s cybersecurity tool GearBox is a “plug-and-play” tool which inventories devices, performs risk analysis, compliance testing and rogue device detection.

This combined with readily accessible normalized data alleviates the level of risk introduced by IoT installations. The IPG team will be joining Cloudastructure, including Steve Kiss, General Manager, IoT Security.

“The acquisition of IPG means Cloudastructure enterprise customers can enjoy not only a vastly higher degree of cybersecurity than they can with other cloud video surveillance providers, but opt for a robust IoT risk management posture throughout their organization,” said Cloudastructure CEO Rick Bentley.

Subject to satisfactory completion of customary due diligence and the signing of a definitive agreement, the closing of the deal will be announced on a mutually agreeable date.  The terms of the deal were not disclosed.

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