The Phoenix Contact Group has acquired the Canadian company iS5 Communications Inc. based in Mississauga, Ontario. The provider of industrial network products specializes in services and solutions for critical infrastructure networks. Martin Müller, Vice President of Phoenix Contact: «The know-how of iS5 Communications Inc. enables Phoenix Contact to take a leading position in the market for critical infrastructure networks and to further expand the business together». Cyber security and data analysis in particular are playing an increasingly strategically important role here.
iS5 Communications was founded in 2012 and currently employs more than 40 people who specialize in bringing together IIoT and IT and bring engineering know-how to the table. As early as 2018, Phoenix Contact invested in the company through its venture capital company Phoenix Contact Innovation Ventures as part of the financing round at that time. Building on this, product development and joint sales activities have already been initiated through the participation of Phoenix Contact USA Inc.
«We are pleased that with the Phoenix Contact Group we have a strong global player at our side to further expand our business. The existing cooperation in product and technology development will continue to grow as a result of the takeover,» says Pino Porciello, Chief Executive Officer at iS5 Communications Inc.
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