Continental acquires Israeli startup, Argus Cyber Security
German automaker Continental AG has recently branched out from its usual area of expertise, acquiring Argus Cyber Security, an Israeli cybersecurity startup.
Although the acquisition somewhat diversifies Continental’s current portfolio, the company still plans to use Argus in its current operations.
The startup is set to become part of Continental’s subsidiary, Elektrobit – the company’s supplier of imbedded software solutions within the automotive industry.
“Only secure mobility is intelligent mobility,” said Helmut Matschi, Member of the Executive Board at Continental and head of the Interior division. “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.”
With connectivity and automation being some of the key areas of industry innovation, software is increasingly playing a significant role within vehicles. As a result, in order to ensure safety within vehicles, there is a greater need for automotive cybersecurity.
“By 2020, hundreds of millions of these “computers on wheels” will drive on roads worldwide and communicate as part of the Internet of Everything,” Argus said in a release. “On the downside of this development, connected mobility is turning into a potential target for cyber-attacks, posing risk to human lives and property.”
Together, Argus and Elektrobit will cooperate to offer security solutions and services for vehicles, protecting against cyber threats whilst also providing management and health monitoring via its centre of operations.
“With automotive cyber security regulations in the making worldwide and with already millions of connected cars on the road, I can’t think of a better time, or a more exciting move, than now to become part of EB,” said Ofer Ben-Noon, Co-founder and CEO of Argus. “Together we will shorten time to market and make it easier for vehicle manufacturers to protect their vehicles from cyber attacks.”
Searching for the Top 100 Leaders in Technology
The search is on for the Top 100 Leaders in Technology 2021 – nominated by readers of Technology magazine and open to all.
The initiative has been launched and nominations are now open, with the final, prestigious Top 100 due to be announced during Technology and AI LIVE running 14-16 September, beamed from London to the world.
This latest, definitive list of the leading executives and influencers in the industry will be announced at the event and shared across social media channels, this website, and presented in a special supplement that honours all of those named in our annual list.
The Top 100 Leaders follows on from the well-received Top 100 Women in Technology that BizClik Media Group (BMG) – publishers of Technology magazine, AI magazine and a growing portfolio of industry-leading titles – produced in March this year to coincide with International Women’s Day.
“The Top 100 Women recognised the incredible and influential women driving our industry,” says Scott Birch, editorial director, BMG. “The success of that initiative encouraged us to recognise the Top 100 Leaders – individuals championing everything that we love about technology and embracing best practice that’s good for business.”
Nominations are already coming in, with some notable highlights including:
Rhonda Vetere - Herbalife
Bryan Smith - Expedient
Nominate your Top 100 Leader HERE
The deadline for nominations closes on Sunday 1 August 2021, and it is free to nominate. The Top 100 Leaders will be announced across our platforms and at the LIVE event.