The investment, which was received from the EU’s Environmental Technologies Fund, will allow MWR to develop its existing software products and services and spend in specialist research on the threats faced by the smart energy sector.
It will also support MWR’s work in other important areas and to protect critical assets like information networks and systems within the financial and government sectors.
MWR InfoSecurity Ian Shaw said the energy sector is becoming increasingly important as the company strives to help utilities and infrastructure providers secure their networks, smart grids, remote energy generation facilities, smart meter and home automation sites.
"We are building on our experience in areas such as smart grid technologies that enable a more energy efficient future, but at the same time bring new challenges in terms of security," Shaw added.
The Environmental Technologies Fund partner Rob Genieser said, "With this new financing, MWR will have the resources to bring to the market a number of new products in the rapidly evolving security sector, based on their unparalleled understanding of their clients’ needs."
