Supply Side: Cervello/ST Engineering, Mitsubishi HC Capital
Written by Marybeth Luczak, Executive Editor
Cervello is incorporating ST Engineering’s cybersecurity services as part of its security platform for rail operators and infrastructure managers. (Photograph Courtesy of ST Engineering)
Global rail cybersecurity firms Cervello and ST Engineering have formed a strategic partnership. Also, Mitsubishi HC Capital Inc. will merge two subsidiaries to create a new container leasing company.
Cervello on Oct. 18 reported that it is incorporating ST Engineering’s cybersecurity services as part of its security platform for rail operators and infrastructure managers. Cervello’s platform is said to allows users to “see, secure and manage all assets … , combining OT, IoT, IT and physical systems.”
Cervello CEO and Co-Founder Roie Onn described the partnership “as a significant step toward Cervello’s continued global expansion. Combining ST Engineering’s decades of experience in empowering cyber resilience across various sectors, together with Cervello’s … expertise in rail-specific security, we are able to globally support rail organizations with cybersecurity solutions and services that enable them to operate more safely and efficiently.”
“Threats in the cyber-physical world are growing at an exponential rate and conventional ways of securing systems and assets are no longer sufficient,” said Goh Eng Choon, President, Cyber at ST Engineering. “The joint cybersecurity capabilities of ST Engineering and Cervello allow us to build a more comprehensive, effective suite of cybersecurity rail solutions that is reliable and ensures business continuity for rail operators.”
In related developments, Cervello in September announced a partnership with San Francisco, Calif.-based Nozomi Networks.
Mitsubishi HC Capital Inc. is combining subsidiaries CAI International, Inc. and Beacon Intermodal Leasing, LLC to form CAI, which it said will represent “the world’s third-largest container leasing company on a CEU [cost equivalent unit] basis with a fleet of 3.5 million TEUs [twenty-foot equivalent units].” The merger is planned to become effective Jan. 1, 2023.
CAI will be headquartered in San Francisco, Calif., and led by CEO Timothy Page (current President and CEO of CAI International, Inc.), and President Katherine McCabe (current President and CEO of Beacon Intermodal Leasing, LLC).
Mitsubishi HC Capital operates globally in the container, railcar, aircraft, aircraft engine and automotive leasing sectors. It entered the container leasing business in 2014 with the acquisition of Boston-based Beacon Intermodal Leasing, LLC, and expanded in November 2021 with the acquisition of San Francisco-based CAI International, Inc.
“With the financial strength of Mitsubishi HC Capital, along with marketing and technical expertise of the CAI and Beacon organizations, we look forward to expanding the relationships we have with our customers and other business partners,” McCabe said.
