Tuesday, May 13, 2014

Cyber Security: Schneider Electric accelerates its transformation

As growth in key segments of its U.S. customer base expands, Schneider Electric sees itself as growing and changing after the acquisition of Invensys in 2013.

The acquisition of Invensys gave Schneider Electric a strong and complementary portfolio of products in the oil and gas sector. What was less discussed at the time, but an area Laurent Vernerey, the new president and CEO of Schneider Electric’s North American operations, thinks is just as crucial, is a competency in cybersecurity management.

“Compliance is a key question,” he said “We’re seeing a lot more questions about cybersecurity. That picture has changed significantly. (Invensys) had assembled a team of cybersecurity experts, and they bring a legacy of what’s happening at the compliance level.

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