Bayshore

Canaccord Genuity Advises Bayshore Networks on its Acquisition by OPSWAT

Addition of industrial infrastructure protection solutions and industry experts will enable organization to expand its comprehensive suite of CIP cybersecurity solutions to support client demand​​​​​​​

Canaccord Genuity is pleased to announce that it has advised Bayshore Networks, the leading provider of active industrial cybersecurity protection solutions specifically designed for Operational Technology (OT) and Industrial Control Systems (ICS) environments, automation engineers, and plant operators, on its sale to OPSWAT, the global leader in Critical Infrastructure Protection (CIP). As part of the acquisition, OPSWAT will integrate Bayshore Networks products and teams, extending OPSWAT's CIP capabilities to OT/ICS environments.

OPSWAT is a global leader in critical infrastructure cybersecurity that helps protect the world's mission-critical organizations from malware and zero-day attacks. To minimize the risk of compromise, OPSWAT CIP solutions enable both public and private organizations to implement processes that ensure the secure transfer of files and devices to and from critical networks. More than 1,500 organizations worldwide spanning Financial Services, Defense, Manufacturing, Energy, Aerospace, and Transportation Systems trust OPSWAT to secure their files and devices; ensure compliance with industry and government-driven policies and regulations, and protect their reputation, finances, employees and relationships from cyber-driven disruption.

There has been a dramatic increase in the number of cybersecurity and ransomware attacks in the industrial infrastructure industry specifically, from the Colonial Pipeline attack to the Florida water supply attack. This has required an elevated security interest as these types of attacks can have catastrophic outcomes. The Bayshore will add key capabilities in unidirectional/bidirectional secure data transfer in critical networks, intrusion prevention for industrial devices, secure remote access for OT assets and ultimately help expand OPSWAT's mission to deliver best-in-class cybersecurity solutions to protect critical infrastructure.