SAN FRANCISCO — January 29, 2026
Executive Summary
Nozomi Networks has announced that Mitsubishi Electric Corporation (TOKYO: 6503) has completed its acquisition of the company, marking the beginning of a new phase of growth while maintaining Nozomi Networks’ independent operations as a wholly owned subsidiary. Originally announced in September, the transaction preserves Nozomi Networks’ vendor-agnostic technology roadmap, open ecosystem approach, and established global partnerships. According to the company, Nozomi Networks will continue delivering OT, IoT, and cyber-physical systems (CPS) cybersecurity solutions to critical infrastructure operators worldwide under its existing brand, leadership, and go-to-market model. The completion of the acquisition follows a year of strong operational and financial performance, including surpassing $100 million in annual revenue and achieving sustained cash flow and break-even performance.
Announcement Overview
Nozomi Networks confirmed the completion of its acquisition by Mitsubishi Electric Corporation, formally transitioning the company into its next stage of growth while operating independently as a wholly owned subsidiary. The transaction was previously announced on September 9 and has now closed, finalizing Mitsubishi Electric’s ownership stake.
According to Nozomi Networks, the acquisition structure allows the company to retain its vendor-neutral platform strategy, independent technology roadmap, and multi-vendor integration model. The company stated that it will continue to support the full operational technology (OT) and industrial control systems (ICS) ecosystem, serving customers across energy, manufacturing, pharmaceuticals, utilities, mining, and other critical infrastructure sectors.
The company also indicated that its existing customer relationships, partner ecosystem, leadership team, and operational structure will remain unchanged following the completion of the transaction. Offices, teams, and points of contact will continue to operate as before, with no disruption to customer engagement or service delivery.
Key Announcement Details
- Announcement type: Acquisition completion
- Acquirer: Mitsubishi Electric Corporation
- Acquiree: Nozomi Networks
- Transaction status: Completed
- Initial announcement date: September 9, 2025
- Effective date: January 29, 2026
- Ownership structure: Wholly owned subsidiary operating independently
- Headquarters: San Francisco, California
- Primary focus: OT, IoT, and CPS cybersecurity
Strategic Context
According to the company, the completion of the acquisition represents a structural milestone rather than a strategic shift in operating philosophy. Nozomi Networks stated that its independent operating model remains central to its value proposition, particularly its vendor-agnostic approach to OT and IoT cybersecurity.
The company operates in a market where critical infrastructure operators increasingly require security platforms capable of integrating across heterogeneous industrial environments. According to Nozomi Networks, maintaining neutrality across vendors and technology stacks enables customers to deploy cybersecurity controls without being constrained to a single supplier ecosystem.
Mitsubishi Electric, a global industrial and technology company with operations spanning automation, energy systems, transportation, and manufacturing, completed the acquisition as part of its broader focus on digital transformation and industrial cybersecurity. The company has not announced changes to Nozomi Networks’ product roadmap or commercial strategy as a result of the transaction.
Financial and Operational Milestones
The acquisition follows a year of notable financial and operational milestones for Nozomi Networks. According to the company, it recently surpassed $100 million in annual revenue, reflecting continued growth in demand for OT and IoT cybersecurity solutions.
Nozomi Networks also reported that it is the first privately held OT cybersecurity company to achieve sustained cash flow and break-even performance. The company stated that this financial position reflects the durability of its business model and the adoption of its platform by large enterprise customers operating critical infrastructure.
The company currently serves a broad base of global enterprises, including five of the world’s top ten oil and gas companies, seven of the top ten pharmaceutical manufacturers, seven of the top ten utilities, and four of the top ten mining operations. According to Nozomi Networks, this customer profile underscores its focus on large-scale, mission-critical environments where operational resilience and cybersecurity are tightly coupled.
Leadership Statement
“Mitsubishi Electric acquired Nozomi Networks for the same reasons our customers trust us every day,” said Edgard Capdevielle, Chief Executive Officer of Nozomi Networks. “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.”
Market Position and Industry Recognition
According to the company, 2025 represented a year of expanded market recognition and industry validation for Nozomi Networks. The company reported that it achieved multiple industry acknowledgments during the year, reflecting its position within the OT and IoT cybersecurity landscape.
Nozomi Networks was named among the fastest-growing companies in North America in the 2025 Deloitte Technology Fast 500™. It was also included in Fast Company’s list of the World’s Most Innovative Companies for 2025.
In addition, the company reported recognition across several analyst evaluations. Nozomi Networks was named a Leader in the Gartner Magic Quadrant for CPS Protection Platforms and a Leader in the Forrester Wave for IoT Security. The company also stated that it was the only vendor recognized as a Customers’ Choice in Gartner’s Voice of the Customer for CPS Protection Platforms and was identified by Gartner as “The Company to Beat for AI in CPS Protection Platforms.”
Platform Development and Technology Focus
According to Nozomi Networks, its growth has been supported by continued investment in platform development and technology innovation. The company stated that its platform provides comprehensive asset visibility, threat detection, and risk-based cybersecurity management across OT, IoT, and CPS environments.
The platform is designed to defend multiple attack surfaces within industrial and critical infrastructure environments, enabling organizations to identify assets, monitor network activity, and respond to threats in operational contexts where downtime and disruption can have significant consequences.
Nozomi Networks emphasized that artificial intelligence has been embedded within its platform since the company’s inception. According to the company, AI-driven capabilities support faster detection, contextual analysis, and prioritization of cybersecurity risks within complex industrial environments.
Product Enhancements Introduced in 2025
During 2025, Nozomi Networks introduced several enhancements to its platform. According to the company, these updates were focused on expanding automation, response capabilities, and analytical depth for OT and IoT security teams.
One of the releases highlighted by the company was the latest version of Arc, described as the industry’s first cybersecurity solution designed to safely automate threat response in operational environments. According to Nozomi Networks, Arc enables organizations to respond to incidents while minimizing operational disruption.
The company also introduced Vantage IQ, described as a private, company-trained AI assistant for OT and IoT security teams. According to Nozomi Networks, Vantage IQ was designed to support analysis and decision-making by leveraging organization-specific data within secure environments.
Partnerships and Ecosystem Development
According to Nozomi Networks, its market position has been reinforced by the expansion of its global partner ecosystem. In 2025, the company reported new and expanded partnerships with technology and industry leaders, including Schneider Electric, Hitachi Cyber, Nvidia, Dispel, and Xona.
The company stated that these partnerships support broader integration across industrial environments and extend its reach across global markets. Maintaining an open, multi-vendor ecosystem remains central to Nozomi Networks’ approach, according to the company.
Workforce Growth and Organizational Continuity
Nozomi Networks reported that its employee headcount increased by approximately 24 percent during 2025. According to the company, this growth supported expansion across product development, customer support, and global operations.
Following the acquisition, Nozomi Networks stated that its brand, leadership, teams, and operational structure remain unchanged. The company emphasized that its offices, customer-facing teams, and partner engagement processes continue to operate without interruption.
Leadership Perspective on the Acquisition
“This acquisition brings us into a new era of innovation,” said Andrea Carcano, Co-founder and Chief Product Officer of Nozomi Networks. “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. 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.”
About Nozomi Networks
Nozomi Networks is a cybersecurity company focused on protecting critical infrastructure from cyber threats. The company’s platform combines network and endpoint visibility, threat detection, and AI-powered analysis to support incident response across OT, IoT, and cyber-physical systems.
Nozomi Networks serves customers globally across industries where operational resilience and security are essential. Its solutions are designed to minimize risk and complexity while supporting secure and reliable operations. Additional information is available at the company’s website.
Source Attribution
Source: Company announcement