Market Overview

Indegy Raises $18M in New Financing and Hires Key Executives to Accelerate Go-to-Market for its Industrial Cyber Security Portfolio


Proven Leaders from Critical Infrastructure, Defense and Cyber
Security Fill Top Marketing and Sales Roles; International Energy and
Services Firm Centrica Joins Investor Group

Indegy, a leader in industrial
cyber security, today announced it has closed an $18 million Series B
round of financing led by Liberty Technology Venture Capital, a
subsidiary of Liberty Media with participation from international energy
and services firm Centrica plc, O.G. Tech Ventures and existing
investors Shlomo Kramer, Magma Venture Partners, Vertex Ventures and
Aspect Ventures. The funds will be used to accelerate growth and expand
global go-to-market initiatives for the Indegy industrial cybersecurity
suite which helps protect systems used in manufacturing, energy, water,
pharmaceuticals, and other critical infrastructures from cyber attacks.

In conjunction with the financing, Indegy also announced the appointment
of two new executives to its management team: Joe Scotto from BAE
Systems joins as Chief Marketing Officer and Todd Warwick from Imperva
takes over as Vice President of Sales, Americas.

"Recent reports by the DHS and FBI regarding attacks against critical
infrastructures have created a greater sense of urgency among industrial
organizations to shore up their defenses, and produced a major spike in
new business for Indegy," said Barak Perelman, CEO of Indegy. "This
capital infusion provides the financial resources required to scale up
the company and capitalize on this market opportunity. On the management
front, the addition of Joe Scotto as CMO and Todd Warwick as VP Sales,
Americas, gives us the experienced leadership we need to escalate our
growth and market expansion."

Centrica plc supplies energy and services to over 25 million customer
accounts mainly in the UK, Ireland and North America through strong
brands such as British Gas, Direct Energy and Bord Gáis Energy. The
investment from Centrica has been made by the company's innovations arm,
established last year to identify and accelerate new technology and
ideas for homes and business.

"With a growing customer portfolio that spans 35 countries, we're
working to bring businesses world-leading energy management solutions
that will allow customers to take greater control of their energy," said
Christophe Defert, VP Ventures for Centrica Innovations. "In an
increasingly connected world, we're looking forward to working with
Indegy as we explore ways to deploy distributed energy resources with
the optimal security solution."

Joe Scotto joins Indegy from BAE Systems, where he served as Vice
President, Americas Marketing. Previously, Joe held positions with
organizations including KPMG, Avaya and Time Warner, where he led
Product and Solutions Marketing for their multi-channel global SMB

Todd Warwick joins Indegy from Imperva, a leading global provider of
cyber security solutions, where he served as AVP of Sales. He has held
sales management positions at Check Point Software and Alcatel-Lucent
which was acquired by Nokia in 2016.

About Indegy

Indegy, a leader in industrial cyber security, protects industrial
control system (ICS) networks from cyber threats, malicious insiders and
human error by providing visibility and control. The Indegy Industrial
Cyber Security Suite
arms security and operations teams with full
visibility into ICS activity and threats by combining hybrid,
policy-based monitoring and network anomaly detection with unique device
integrity checks. The Indegy ICS Suite is deployed by manufacturing,
pharmaceutical, energy, water and other industrial organizations around
the world. For more information visit,
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