Hanover, Germany, November 6, 2017
Technology company Continental has announced that it would be acquiring Argus Cyber Security (Argus), one of the global leaders in the domain of automotive cyber security, in order to further strengthen and enhance their grasp in the field.
As vehicles are becoming increasingly connected and software is the single biggest innovation enabler for intelligent, efficient and automated mobility, vehicle manufacturers and suppliers around the world are defining and implementing strategies and countermeasures to minimise risks such as cyber-attacks and danger to human lives and property.
“Only secure mobility is intelligent mobility. With the acquisition of Argus Cyber Security we are enhancing our abilities to directly develop and offer solutions and services with some of the world’s leading automotive cyber security experts to our customers around the globe in order to truly make mobility more intelligent and secure,” says Helmut Matschi, member of the Executive Board at Continental and head of the Interior division.
Founded in 2013 by Israeli cyber security experts, Argus is headquartered in Tel Aviv, Israel and has forged significant collaborations with key industry players and is successfully delivering projects to vehicle manufacturers and suppliers worldwide.
Together, the companies will offer end-to-end security solutions including intrusion detection and prevention, attack surface protection and fleet cyber security health monitoring and management via a security operations centre (SOC) to protect vehicles in the field over their entire lifespan. The companies will also provide software updates over-the-air solutions.
Argus will become a part of Elektrobit (EB), Continental’s stand-alone software company, and will continue to engage in commercial relations with all automotive suppliers globally. This combination of Continental’s broad automotive know-how, Argus’ technology, market-ready solutions and expertise in automotive cyber security, and EB’s deep automotive software knowledge, marks a unique cooperation in the automotive industry.