Telematics Wire had reported that Continental was in advanced talks to acquire Argus Cyber Security, now the German company has confirmed through a press release that the company has taken over the Israeli company in order to further strengthen and enhance its capabilities in automotive cyber security.
Argus a team of more than 70 people and the most comprehensive, market-ready solution suites in the industry, based on 38 granted and pending patents and has forged significant collaborations with key industry players and is successfully delivering projects to vehicle manufacturers and suppliers worldwide. The company has presence in the countries like Japan, Germany and North America (Detroit and West Coast).
“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.
Post acquisition Argus will become a part of EB, Continental’s stand-alone software company and will continue to engage in commercial relations with all automotive suppliers globally. The company will offer multi-layered, end-to-end security solutions and services including intrusion detection and prevention, attack surface protection and fleet cyber security health monitoring and management via a security operations center (SOC) to protect vehicles in the field over their entire lifespan. The companies will also provide software updates over-the-air solutions.