Hyderabad, June 6, 2019: Cyient, a global engineering and technology solutions company, today announced a corporate venture investment in Cylus, a global leader in cybersecurity solutions for the rail industry. This investment is in line with the company’s focus on developing smarter and safer mobility solutions for the rail industry. It brings together Cyient’s leadership position in engineering solutions for rail and focus on digitalization, with Cylus’ cybersecurity solutions developed specifically for the rail industry.
The move enables Cyient and Cylus to expand their industry-specific cybersecurity value proposition, jointly address market needs, and accelerate the development of cutting-edge cybersecurity solutions for rail. Israel-based Cylus is the developer of CylusOneTM, a cybersecurity software product, designed for mainline and urban rail systems. The solution detects cyber threats in the signaling and control networks, both trackside and onboard, facilitating a timely and effective response.
“We are excited about investing in Cylus and their world-leading cybersecurity solutions as part of our strategy to develop intelligent mobility solutions for a safer tomorrow,” said Prabhakar Atla, Senior Vice President - Rail Transportation, Cyient. “This investment allows us to leverage the rapid evolution of connected and intelligent rail assets and further strengthen Cyient’s value proposition of enabling the rail transportation industry to efficiently design, build, and maintain safe assets and secure networks” he added.
“Rail systems have become technologically advanced, and the threat of cyber-attacks is constantly growing,” said Amir Levintal, CEO and Co-founder of Cylus. “We have already established strong relationships with key players in the rail industry and are growing our partnerships with leading rail operators. We are moving full steam ahead to scale our team and expand globally.”
Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and technology solutions company. As a Design, Build, and Maintain partner, for leading global organizations, Cyient takes solution ownership across the value chain to help clients focus on their core, innovate, and stay ahead of the curve. The company leverages digital technologies, advanced analytics capabilities, and its domain knowledge and technical expertise, to solve complex business problems.
With over 15,000 employees in 20 countries, Cyient partners with clients to operate as part of their extended team in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial, and energy.
Cylus, the global leader in rail cybersecurity, helps rail and metro companies avoid safety incidents and service disruptions caused by cyber-attacks. Cylus developed CylusOne™, the first-to-market solution designed to meet the unique cybersecurity needs of the rail industry. CylusOne™ detects cyber threats in the signaling and control networks, trackside and onboard, facilitating a timely and effective response before any harm is done. Led by veterans from the Elite Technological Unit of the Israel Defence Forces’ Intelligence Corps, together with top executives from the railway industry, Cylus combines deep expertise in cybersecurity and rail.