Siemens has exited internet-of-things cybersecurity technology producer Wurldtech through an acquisition by General Electric.
Industrial product manufacturer General Electric has agreed to acquire Canada-based cybersecurity technology developer Wurldtech in a deal that will allow competitor Siemens to exit.
Wurldtech’s software helps industrial internet companies to locate vulnerabilities in products and infrastructure. The company will operate as a wholly-owned subsidiary, producing cybersecurity systems for GE products while also serving external customers.
The company’s investors include Siemens’ corporate venturing unit, Siemens Venture Capital, and venture capital firm Vanedge Capital. It did not disclose how much GE…
