Test Level acquires Israeli co Cyberint for $200m

Israeli cybersecurity Test Level Software program Applied sciences Ltd. (Nasdaq: CHKP) has introduced the acquisition of Israeli risk intelligence and digital safety firm CyberInt. No monetary particulars have been disclosed however market sources estimate that the acquisition is for about $200 million money – an affordable return for buyers in Cyberint, which has raised an estimated $65 million.

That is veteran firm Test Level’s twenty second acquisition and comes only one month after the announcement that Nadav Zafrir has been appointed CEO to exchange founder Gil Shwed, who will grow to be government chairman.

Traders in Cyberint embody Viola Development Fund, StageOne Ventures and personal buyers like former Amdocs CEO Dov Baharav and Avi Naor. Based on IVC, Cyberint was based by Raz Alon, Itay Yanovski and Shay Priel, who’re not concerned within the firm’s administration. Cyberint’s CEO is Yochai Corem and the corporate has 170 workers.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on August 27, 2024.