We are thrilled to announce that IPKeys Power Partners has acquired SigmaFlow LLC, the leading provider of utility-focused automated compliance technology for NERC CIP regulations.
IPKeys Power Partners is a wholly owned subsidiary of IPKeys and provides the utility, energy and municipal public safety sectors with Meter and Operational Data Management, Cyber Security, Public Safety Network, Engineering and Electricity Demand Management, and Demand Response services. IPKeys Power Partners is strategically positioning themselves to support smart city and critical infrastructure initiatives. The culmination of professional cyber risk management services married with SigmaFlow’s proprietary software will enable clients to enhance their security posture and reduce total costs of ownership associated with implementation and operations and management costs.
“We are excited about coming together with the SigmaFlow team and the value IPKeys Power Partners will be able to deliver to utilities through its cost-efficient and end-to-end cyber security solution. Our mission is to strengthen the cybersecurity defense programs of utilities and public safety organizations in a framework that essentially locks the cyber doors, continuously monitors those locks and now, with the addition of SigmaFlow, includes NERC CIP compliance and roadmaps.”
— Robert Nawy, CEO, IPKeys Power Partners
For over a decade, SigmaFlow has delivered workflow platforms to the energy sector. The company’s Oil & Gas Well Delivery solution provides visibility into drilling plans through rig scheduling and pre-drill workflow, while its Compliance Manager solution reduces the risk and cost of NERC Compliance for electric utilities with process controls and evidence management. SigmaFlow’s CM solution has been widely adopted in the U.S. and Canada as the market leader for automating CIP compliance.
“I am thrilled SigmaFlow is joining the IPKeys Power Partners’ family, a proven leader in the cybersecurity and compliance space. By combining IPKeys secure technology suite with SigmaFlow’s best-in-class workflow platform and NERC domain expertise, we can offer investor-owned utilities, municipal power producers and electrical cooperatives with a compelling solution for their pressing cybersecurity compliance challenges.”
— Vasu Avadhanula, VP of Product Management & Engineering, SigmaFlow
“Joining IPKeys and accessing their reputable and secure technology solutions made sense on many levels for SigmaFlow. What’s really exciting about this acquisition is the opportunity to offer our customers a more comprehensive solution which includes additional cybersecurity services along with an advanced metering technology platform.”
— Betsy Williams, VP, Sales, SigmaFlow
To support this effort, IPKeys Power Partners has hired Carter Schoenberg, the former CEO of HEMISPHERE Cyber Risk Management, to serve as its Executive Vice President—Cyber Solutions. Mr. Schoenberg brings over 19 years’ experience in cybersecurity solving diverse and complex challenges in both commercial and government markets.
The merging of the two firms will accelerate IPKeys’ strategy of leveraging its Cyber Lab as a Service platform and related cybersecurity services in utility and public safety network communications sectors. We look forward to being a part of the IPKeys Power Partners family, joining our unique strengths and to the results that we believe this combination will produce.