Option3, a seasoned private equity firm with a focus on cybersecurity, unveiled today its acquisition of Onclave Networks, setting the stage for the launch of ENIGMA, its new platform dedicated exclusively to Zero Trust security technologies.
Zero Trust, a security concept that assumes breach likelihood and demands stringent verification for every network request, has become critical as traditional security measures fall short against sophisticated cyber threats.
Onclave Networks, renowned for its application of Zero Trust principles that mirror those utilized by the U.S. Department of Defense, has significantly curtailed security breaches by reducing network complexities and operational costs. This acquisition makes Onclave the cornerstone of the newly minted ENIGMA platform, promising enhanced protection across diverse digital environments.
"With this acquisition, Onclave becomes the foundation for the ENIGMA Zero Trust platform, with technology that is now also being adopted by customers such as the Defense Health Agency, White House Communications Agency and NATO," stated Manish Thakur, Managing Partner at Option3. He further emphasized, "In an industry with many competing claims, Onclave stands out, having recently received the first ever 'Authority to Operate' awarded by a federal agency for its compliance with Zero Trust."
Jim Taylor, CEO of Onclave Networks, shared his enthusiasm about becoming a key element of ENIGMA: "We are extremely excited to be a foundational part of the ENIGMA platform. With Onclave's technology, ENIGMA will address some of the biggest challenges facing Zero Trust, particularly extending it to older cyber-physical systems, Internet of Things, Operational Technology, and other industrial control systems."
The need for robust cybersecurity solutions like Zero Trust has been propelled into the spotlight by President Biden’s 2021 mandate requiring all federal agencies to adopt this rigorous security model. ENIGMA aims to meet these demands with a portfolio of purpose-built Zero Trust capabilities that have already been tested extensively in demanding global contexts, with plans for significant rollouts in sectors such as U.S. hospitals and the worldwide automotive industry.