DULLES, Va., Feb. 8, 2017 /PRNewswire/ -- Raytheon Company
(NYSE: RTN) and Utilidata have formed a strategic alliance to help
power utilities proactively detect, defend against and respond to
cyber threats.
The effort will combine Utilidata's experience in the use of
real-time data from the electrical grid to detect and respond to
cyber attacks and Raytheon's expertise in proactive cyber threat
hunting, automation and managed security services to provide
world-class cybersecurity, analytics and other innovative
technologies.
"With this alliance, Raytheon will expand our presence in the
critical infrastructure market by delivering next-generation,
defense-grade cybersecurity capabilities to power utilities," said
Dave Wajsgras, president of
Raytheon's Intelligence, Information and Services business.
Power utility companies have invested heavily in making the
power distribution system smarter, more efficient and more
connected since the early 2000s. Such innovations are pillars of
the energy economy, but they can make the grid vulnerable to cyber
attacks. The integrated services offered by Utilidata and Raytheon,
including cyber monitoring, post-attack forensics analysis, and
both short and long-term strategic capabilities will limit risks
and enhance cybersecurity to prevent future attacks.
"Power utilities face unique challenges that make planning and
response to cyber attacks more difficult," said Scott DePasquale, chairman and CEO of Utilidata.
"With more and more devices and systems connected to the internet,
and all of them needing electrical power, these challenges are
increasing exponentially. This new alliance will help define
the future of cybersecurity in the power utilities sector."
In December 2015, a cyber attack
shut down a large section of the Ukrainian power grid – an incident
that the Department of Energy identified in the 2017 installment of
the Quadrennial Energy Review as an 'indicator of what is
possible.'
About Utilidata
Utilidata®, Inc. is a global software
company that works with electric utilities to enhance energy
efficiency and grid security. The company's patented technology
captures real-time data from the grid, giving utilities information
needed to save energy, mitigate issues caused by distributed energy
resources and better detect grid anomalies. With major clients
including American Electric Power, National Grid, and Pacific Gas
and Electric Company, Utilidata is backed by leading venture
capital firms and is expanding across North America and the Middle East. The company has a world-class
production, research and development facility at its headquarters
in Providence, Rhode Island. For
more information, please visit utilidata.com or follow @Utilidata
on Twitter.
About Raytheon
Raytheon Company, with 2016 sales of
$24 billion and 63,000 employees, is
a technology and innovation leader specializing in defense, civil
government and cybersecurity solutions. With a history of
innovation spanning 95 years, Raytheon provides state-of-the-art
electronics, mission systems integration, C5ITM products
and services, sensing, effects, and mission support for customers
in more than 80 countries. Raytheon is headquartered in
Waltham, Massachusetts. Follow us
on Twitter.
Media Contacts
Raytheon
Scott Fazekas
+1.571.250.1877
iispr@raytheon.com
Utilidata
Theresa
Gilbert
tgilbert@globalstrategygroup.com
+1.202.525.3696
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SOURCE Raytheon Company