Nozomi Networks, an innovator in OT, IoT, and cyber-physical system security, has announced the completion of its acquisition by Mitsubishi Electric Corporation.
Initially revealed on September 9, this acquisition ushers in a new growth phase for Nozomi Networks while maintaining its independent operations, vendor-neutral technology roadmap, and established market partnerships.
As a complete subsidiary, Nozomi Networks will continue to support the OT/ICS ecosystem with its open, multi-vendor strategy, a significant factor in the firm's global reputation among critical infrastructure operators.
Financial Status and Recent Achievements
This development coincides with a year of notable momentum for Nozomi Networks. The firm recently exceeded $100 million in annual revenue and now serves numerous leading global enterprises, including five of the top ten oil and gas firms, seven of the top ten pharmaceuticals, seven of the top ten utilities, and four of the top ten mining operations.
Additionally, Nozomi Networks is the first privately held OT cybersecurity firm to achieve sustained cash flow and break-even performance, highlighting the strength of its model and the trust in its vendor-agnostic strategy.
Recent Milestones and Honors
Nozomi Networks reached key milestones, including new and expanded partnerships with major tech firmsIn 2025, Nozomi Networks achieved several significant milestones, including new and expanded partnerships with major technology firms like Schneider Electric, Hitachi Cyber, Nvidia, Dispel, and Xona. The company saw a 24% growth in employee headcount and was recognized among the fastest-growing companies in North America as part of the 2025 Deloitte Technology Fast 500.
Furthermore, it was named to Fast Company's World's Most Innovative Companies 2025 list and recognized as a leader in the Gartner Magic Quadrant for CPS Protection Platforms and the Forrester Wave for IoT Security.
Commitment to Innovation
Nozomi Networks continues to advance its robust cybersecurity solutions, providing comprehensive asset visibility, defending various attack surfaces, and enabling enterprises to adopt a risk-based security management approach.
The company's incorporation of AI into its platform from the outset has allowed it to continually redefine OT/IoT cybersecurity enhancements, including the 2025 launch of Arc, the first cybersecurity solution for safely automating threat responses in operational settings, and Vantage IQ, the inaugural private AI assistant for OT/IoT security teams.
Future Prospects
Nozomi Networks will continue to operate independently as a subsidiaryThe acquisition by Mitsubishi Electric sets the stage for further innovation, with Nozomi Networks well-positioned to enhance its leadership in OT/IoT cybersecurity.
“This acquisition brings us into a new era of innovation," said Andrea Carcano, Co-founder and Chief Product Officer. "We look forward to developing even more groundbreaking solutions in 2026, continuing to support our customers and partners with the highest-quality solutions.”
Continuity in Operations
Nozomi Networks will continue to operate independently as a subsidiary, ensuring that its brand, leadership, and team structures remain intact to deliver seamless service to all clients and stakeholders.
This continuity ensures that its teams, offices, and points of contact remain unchanged, maintaining the reliable service its partners and customers have come to expect.
Nozomi Networks, the pioneer in OT, IoT and cyber‑physical system security, announced that Mitsubishi Electric Corporation has completed its acquisition of the company. Originally announced on September 9, the transaction marks the start of a new phase of growth for Nozomi Networks while preserving the company’s independent operations, vendor‑neutral technology roadmap, and established go‑to‑market partnerships.
As a wholly owned subsidiary, Nozomi Networks will continue to support the full OT/ICS ecosystem with the same open, multi‑vendor approach that has made it a trusted partner to critical infrastructure operators worldwide.
Financial status
This milestone follows a year of exceptional momentum for Nozomi Networks. The company recently surpassed $100M in annual revenue and now serves many of the world’s largest enterprises, including 5 of the top 10 oil and gas companies, 7 of the top 10 pharmaceutical manufacturers, 7 of the top 10 utilities and 4 of the top 10 mining operations.
Nozomi Networks is also the first privately held OT cybersecurity company to achieve sustained cash flow and break‑even performance - further underscoring the strength of its model, the durability of its platform, and the confidence organizations place in its independent, vendor‑agnostic approach.
Milestones
Other notable milestones the company achieved in 2025 include:
- Significant new and expanded partnerships with global technology leaders including Schneider Electric, Hitachi Cyber, Nvidia, Dispel, and Xona
- 24% employee headcount growth
- Among the fastest growing companies in North America on the 2025 Deloitte Technology Fast 500™
- Named to Fast Company’s World’s Most Innovative Companies 2025 list
- Named a leader in the Gartner Magic Quadrant for CPS Protection Platforms and is a leader in the Forrester Wave for IoT Security, as well as the only recognized Customers' Choice in Gartner's Voice of the Customer for CPS Protection platforms
- Recognized by Gartner as “The Company to Beat for AI in CPS Protection Platforms”
Innovation and leadership
“Mitsubishi Electric acquired Nozomi Networks for the same reasons our customers trust us every day,” said Nozomi Networks CEO Edgard Capdevielle.
“We have a proven track record of innovation and industry leadership and a unique vendor-agnostic approach that is a critical ingredient to our success. We will continue to advance the highest levels of quality and excellence in our platform and relationships that we always have moving forward as an independent subsidiary of Mitsubishi Electric, and we’re excited about the opportunities this brings.”
Cybersecurity solution
This success is underpinned by its market-leading platform, the most complete of any offering on the market. Nozomi Networks platform delivers comprehensive asset visibility, defends all attack surfaces, and helps enterprises evolve to a risk-based cybersecurity management posture. Most notably, Nozomi Networks has embedded AI since its inception, consistently pushing the boundaries of how this technology can transform OT/IoT cybersecurity.
It made several enhancements to its platform in 2025, including the release of its latest version of Arc, the industry’s first cybersecurity solution to safely automate threat response in operational environments, and Vantage IQ, the world’s first private, company-trained AI assistant for OT/IoT security teams.
Foremost in OT/IoT cybersecurity
“This acquisition brings us into a new era of innovation. It positions us to better serve our customers globally and meet the needs of an early majority market and the challenges of a rapidly evolving OT/IoT cybersecurity landscape,” said Nozomi Networks Co-founder and Chief Product Officer Andrea Carcano.
“Nozomi is solidly positioned to extend its stature as the leader in OT/IoT cybersecurity. There is much more ahead for us, with game changing new innovations coming in 2026. We look forward to working with our customers and partners to deliver the best possible solution.”
Business as usual
As an independent subsidiary, Nozomi Networks remains committed to serving all its customers and partners, and maintains its brand, leadership, teams, and operations. Nozomi’s teams, offices, and points of contact remain unchanged, ensuring a seamless experience for all its stakeholders.
