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

SCHNEIDER ELECTRIC SE (SU)
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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 2018 25 458 M
EBIT 2018 3 718 M
Net income 2018 2 451 M
Debt 2018 4 430 M
Yield 2018 3,21%
P/E ratio 2018 16,96
P/E ratio 2019 15,34
EV / Sales 2018 1,87x
EV / Sales 2019 1,77x
Capitalization 43 176 M
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Number of Analysts 21
Average target price 81,9 €
Spread / Average Target 10%
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NameTitle
Jean-Pascal Tricoire Chairman & Chief Executive Officer
Christel Heydemann Executive Vice President-France Operations
Emmanuel Babeau Deputy Chief Executive Officer-Finance & Legal
Hervé Coureil Executive Vice President-Information Systems
Cathy Kopp Independent Director
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