Armis buys Otorio for $120M to beef up cybersecurity in physical spaces

Armis, a $4.2B cyber-exposure management company, is acquiring industrial cybersecurity firm Otorio for a reported $120M in cash and shares, integrating Otorio’s Titan into the Armis Centrix platform to strengthen coverage for industrial, air-gapped, and on-premises environments with zero-trust capabilities. The move extends Armis beyond cloud-focused risk management into operational technology and other high-security physical settings, with leaders from both companies highlighting the strategic fit and scalability benefits. The article situates the deal within ongoing consolidation in cybersecurity, noting Armis’s other recent acquisitions (Silk Security for $150M and CTCI for $20M) amid a funding environment favoring late-stage players.