Martin Müller, vice president of Phoenix Contact, says: “The expertise of iS5 Communications enables Phoenix Contact to take a leading position in the market for critical infrastructure networks and to further expand the business together.” Cybersecurity and data analysis in particular are playing an increasingly strategically vital role in this field.
iS5 Communications was established in 2012 and currently employs more than 40 members of staff who specialise in bringing IIoT and IT together and who bring engineering expertise to the table. Phoenix Contact invested in the company back in 2018 through its venture capital company Phoenix Contact Innovation Ventures as part of its round of financing at the time. Building on this, product development and joint sales activities have already been initiated through the participation of Phoenix Contact USA.
“We are really pleased that, with the Phoenix Contact Group, we have a strong global player on our side to further expand our business,” says Pino Porciello, chief executive officer at iS5 Communications. “Our existing cooperation in the fields of product and technology development will continue to grow as a result of the acquisition.”