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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Schneider Electric SE    SU   FR0000121972

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Schneider Electric : inks partnership with Claroty

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08/13/2017 | 03:04pm CEST

Set on tackling the rising cybersecurity threats against the global industrial sector, Claroty, a provider of operational technology (OT) network protection, has entered into a strategic partnership with global energy management and automation specialist Schneider Electric.

In addition to signing on with Schneider Electric's Collaborative Automation Partner Program (CAPP), Claroty is expected to offer clients under the program its OT/ICS network monitoring and detection solution.

Designed to support the industrial IT infrastructure, Claroty's platform protects industrial control systems, while also monitoring networks for intrusions and malicious software without interruption. It accomplishes this through the use of passive-monitoring to inspect traffic in real-time.

David Doggett, senior director of Cybersecurity, Industry Business, Schneider Electric, said: "At Schneider Electric, we recognise the urgent need to assist our customers in enhancing their safety and cybersecurity programs."

He added: "One way we are addressing this need is through partnering with Claroty to provide real-time network monitoring and anomaly-detection."

Claroty's OT/ICS network monitoring solution is expected to be added to Schneider Electric's EcoStruxure architecture. Serving as the company's IoT-enabled, interoperable system architecture, EcoStruxure enables users to devise a scalable design around connected systems.

Amir Zilberstein, chief executive officer, Claroty, commented: "We recognise that this complex challenge is best addressed in a unified and robust fashion - where security vendors such as Claroty work hand in hand with leading equipment manufacturers.

"Partnering with Schneider Electric and delivering our solutions within its comprehensive approach to cybersecurity through its EcoStruxure architecture will help drive the broadest reach and most immediate impact to industrial companies."

(c) 2017 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2017 24 922 M
EBIT 2017 3 364 M
Net income 2017 2 059 M
Debt 2017 4 635 M
Yield 2017 2,96%
P/E ratio 2017 19,68
P/E ratio 2018 17,78
EV / Sales 2017 1,94x
EV / Sales 2018 1,86x
Capitalization 43 675 M
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Average target price 73,4 €
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NameTitle
Jean-Pascal Tricoire Chairman & Chief Executive Officer
Annette K. Clayton President & CEO-North America Operations
Luc Remont Executive Vice President-France Operations
Emmanuel Babeau Deputy Chief Executive Officer-Finance & Legal
Philippe Delorme EVP-Building & Information Technology
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