DNV snaps up industrial cybersecurity firm Applied Risk

Assurance and risk management firm DNV has acquired industrial cybersecurity business Applied Risk for an undisclosed fee.

According to Security Week, the companies will merge under the DNV brand and will attempt to create an ‘industrial cybersecurity powerhouse’.

Norway-based DNV specialises in risk management and assurance and operates in more than 100 countries. The company seeks to advance safety and sustainable performance, sets industry benchmarks.

DNV offers advisory, classification, data and analytics, inspection, certification, software testing, certification and compliance, incident response and forensics to organisations across a wide range of industries.

Founded in 2012, Amsterdam-located Applied Risk provides tailored solutions that assists asset owners, system integrators and suppliers to develop, deploy and maintain cyber-resilient operations.

Liv Hovem – CEO of DNV’s Accelerator – said, “Bringing together Applied Risk and DNV’s impressive teams of industrial cyber security experts is the first step in our plan to build a cyber security powerhouse through acquisitions and partnerships with top-tier cyber security firms around the world.

“We will also welcome more talent into the business as we grow, offering the opportunity to work on some of the world’s most advanced and complex cyber security projects alongside DNV’s global team of nearly 12,000 industrial domain experts.”

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