Salvador Technologies, recovery solutions for critical infrastructures and industrial organisations firm, has partnered with Deutsche Telekom.
The European telecom giant has made this strategic investment through its hubraum Fund, an early-stage investment arm designed to integrate portfolio companies into Deutsche Telekom’s extensive business and technology ecosystems.
The investment from Deutsche Telekom will be instrumental in expanding Salvador Technologies’ sales distribution network. This boost in capital will primarily advance the company’s market presence across the DACH region (Germany, Austria, and Switzerland), Poland, and the United States.
Salvador Technologies specialises in a patented security failover technology that minimises downtime and ensures continuous operational functionality for Operational Technology (OT) and Industrial Control Systems (ICS). The core of the technology is an innovative cyber-attack recovery platform that includes hardware linked to HMI or SCADA systems, coupled with agent software and a comprehensive monitoring system. This setup not only circumvents traditional recovery protocols but also allows for rapid recovery from disruptions, restoring system functionality within 30 seconds.
The company’s strategic distribution of its cyber-attack recovery platform is conducted through partnerships with managed security service providers (MSSPs), system integrators (SIs), and value-added resellers (VARs). These collaborations enable the provision of enhanced managed cybersecurity services, safeguarding the operational continuity of critical infrastructure and industrial enterprise clientele.
“Deutsche Telekom is committed to ensuring business continuity, especially in light of the spike in cyberattacks against critical infrastructure and operational technology systems over the past few years and we recognize the significant potential of Salvador Technology’s recovery solution for critical systems,” Tamar Shlimak, Investor at Deutsche Telekom’s hubraum Fund said.
“We are tremendously pleased with our strategic efforts with Deutsche Telekom both as an investor and a potentially valuable business partner,” Salvador Technologies Co-Founder and CEO Alex Yevtushenko said. “The proposed collaboration could offer significant advantages through leveraging Deutsche Telekom’s global network to potentially expand our business presence in Europe and the United States.”
Salvador Technologies is continuing to build on its previous achievements and this latest funding marks another significant milestone in its journey towards expanding its impact on a global scale.
Source: fintech.global
