Continental has announced it is acquiring Argus Cyber Security, a global company in automotive cyber security, in order to further strengthen and enhance its capabilities in this domain. Once the acquisition is complete, Argus will become a part of Continental’s subsidiary Elektrobit (EB), and both companies will offer multi-layered, end-to-end automotive cyber security solutions and services. They will also secure over-the-air (OTA) software updates for customers around the globe, Continental noted. The company said that automotive cyber security becomes even more important as vehicles are becoming increasingly connected and software is the single biggest innovation enabler for intelligent, efficient and automated mobility.
The companies will offer security solutions including intrusion detection and prevention, attack surface protection and fleet cyber security health monitoring and management through a security operations centre (SOC). This is aimed at protecting vehicles in the field over their entire lifespan, the company said. Continental added that technology from Argus was tested by vehicle manufacturers, their suppliers and independent third parties, and has repeatedly out-performed its competitors.
Argus will become a part of EB, which is Continental’s stand-alone software company and will continue to engage in commercial relations with all automotive suppliers globally. This combination of Continental’s broad automotive know-how, Argus’ technology, market-ready solutions and expertise in automotive cyber security, and EB’s deep automotive software knowledge, marks a unique cooperation in the automotive industry.
Helmut Matschi, Member, Executive Board, and Head, Interior division, Continental, said only secure mobility is intelligent mobility. With the acquisition of Argus, Continental is enhancing its abilities to directly develop and offer solutions and services with some of the world’s leading automotive cyber security experts, he added.
The company was founded with a vision to protect all vehicles on the road from cyber threats, noted Ofer Ben-Noon, Co-Founder and CEO, Argus Cyber Security. He said that to this end Argus has developed the most comprehensive automotive cyber security offering in the industry and enjoys global recognition of its leadership. Joining forces with Continental and EB will enable the company to further accelerate the realisation of that vision, added Ben-Noon. “Together we will shorten time to market and make it easier for vehicle manufacturers to protect their vehicles from cyber-attacks,” he said.
Alexander Kocher, President and Managing Director, EB, said “As we are experiencing a world of software-defined vehicles and face unique challenges, we are taking a proactive approach in developing new ways to collaborate and interact.” EB and Argus have been partners in developing cyber-security and OTA software update solutions since 2016, and the acquisition allows to advance the development of EB’s software further, he added. Kocher noted that the company is now offering the automotive industry a complete secure solution for the development of highly-automated and connected driving, enabling them to develop safer, smarter and more efficient vehicles.
Argus was founded in 2013 by Israeli cyber security experts and is headquartered in Tel Aviv, Israel, with a team of over 70 employees. The company is claimed to possess the most comprehensive, market-ready solution suites in the industry, based on 38 granted and pending patents.