Mitsubishi Electric Corporation has officially completed its acquisition of Nozomi Networks, a prominent leader in operational technology (OT) and Internet of Things (IoT) security. Announced on January 29, 2026, the deal positions Nozomi Networks to enter a new phase of growth while operating as a wholly-owned, independent subsidiary. This strategic structure ensures the company will maintain its vendor-agnostic technology roadmap and established partnerships, continuing its mission to secure critical infrastructure worldwide.
A Year of Unprecedented Momentum
The acquisition follows a period of exceptional performance for Nozomi Networks, which recently surpassed $100 million in annual revenue. The company has solidified its market position by serving a significant portion of the world's largest enterprises across various critical sectors. Its client roster includes seven of the top ten pharmaceutical manufacturers, seven of the top ten utilities, and five of the top ten oil and gas companies, demonstrating widespread industry trust.
Further underscoring its financial health, Nozomi Networks became the first privately held OT cybersecurity firm to achieve sustained cash flow and break-even performance. This financial stability is complemented by a 24% growth in employee headcount in 2025 and numerous industry accolades. The company was named to the Deloitte Technology Fast 500™ and recognized as a leader by both Gartner and Forrester for its cyber-physical system protection platforms.
Commitment to Operational Independence
A key element of the acquisition is the preservation of Nozomi Networks' operational autonomy. CEO Edgard Capdevielle stated that this independence is a critical ingredient to the company's success, allowing it to continue its proven track record of innovation and industry leadership. Under Mitsubishi Electric's ownership, Nozomi will uphold the same high standards of quality and excellence that have defined its platform and customer relationships.
This commitment to independence ensures a seamless experience for all stakeholders, as the company's brand, leadership, and teams will remain unchanged. By continuing its open, multi-vendor approach, Nozomi Networks reinforces its role as a trusted partner for the entire OT and industrial control system ecosystem. This strategy has been fundamental in building confidence among organizations that rely on its solutions to protect their most critical assets.
Pioneering AI in Cybersecurity
Nozomi Networks' success is built upon its market-leading platform, which provides comprehensive asset visibility and defends against a wide array of attack surfaces. A core differentiator has been the integration of artificial intelligence since the company's inception, consistently pushing the boundaries of OT and IoT cybersecurity. This focus on AI helps enterprises evolve toward a more proactive, risk-based security management posture in complex operational environments.
In 2025, the company introduced several significant platform enhancements, including its latest version of Arc, the industry’s first solution to safely automate threat response in operational settings. It also launched Vantage IQ, the world's first private, company-trained AI assistant designed specifically for OT and IoT security teams. These innovations highlight the company's dedication to developing advanced tools that address the unique challenges of securing cyber-physical systems.
A Strategic Vision for the Future
According to Co-founder and Chief Product Officer Andrea Carcano, the acquisition marks a new era of innovation for the company. It strategically positions Nozomi Networks to better serve its global customer base and meet the demands of a rapidly evolving market. With the backing of Mitsubishi Electric, the company is poised to extend its leadership and tackle the emerging challenges in the OT and IoT cybersecurity landscape.
In conclusion, the acquisition by Mitsubishi Electric serves as a powerful validation of Nozomi Networks' technology, business model, and market leadership. By retaining its operational independence and vendor-neutral philosophy, the company is well-equipped to continue its impressive growth trajectory. With a clear focus on AI-driven innovation and a commitment to its partners and customers, Nozomi Networks is set to define the future of OT and IoT security.