Israeli offensive cyber company Paragon will be acquired by the U.S.-based private equity fund AE Industrial Partners for an initial payment of $500 million, with an additional $400 million contingent on meeting business milestones. Despite the acquisition, Paragon will remain an Israeli company, adhering to regulatory guidelines set by Israel’s Defense Ministry and the U.S. government.
Paragon’s management team and employees will stay in place, with plans to expand into new markets, launch innovative products, and recruit approximately 150 additional employees in the coming months.
Read more…
Source: MSN News
Related:
- German, Israeli companies to cooperate on cybersecurity
April 12, 2017
The Cyber-Security Council Germany said on Wednesday it opened its first international chapter with security firm Checkmarx in Israel, establishing a bridge between German and Israeli cybersecurity communities. “Cyber threats are not bound to national borders, so that transnational cooperation and networking is inevitable for the exchange of know-how and best practices,” said Philipp von Saldern, ...
- German, Israeli companies to cooperate on cybersecurity
April 12, 2017
The Cyber-Security Council Germany said on Wednesday it opened its first international chapter with security firm Checkmarx in Israel, establishing a bridge between German and Israeli cybersecurity communities. “Cyber threats are not bound to national borders, so that transnational cooperation and networking is inevitable for the exchange of know-how and best practices,” said Philipp von Saldern, ...
- States vie for Israeli cyber security investment as CyberGym heads downunder
February 20, 2017
State governments are jostling to win a major cyber security investment from the multibillion-dollar Israeli government-owned electricity company, as the business implications of Prime Minister Benjamin Netanyahu’s first Australian visit begin to take shape. Ofer Bloch, chief executive of the Israel Electric Corporation (IEC), was in Australia with the Prime Minister’s accompanying delegation of business leaders ...
- Israeli Military Targeted by Android Mobile Surveillance Malware
February 16, 2017
According to Kaspersky Lab, starting in mid last year, over 100 Israeli servicemen were hit by an attack that exfiltrated data to the attackers’ command and control servers. Then, the devices were pushed Trojan updates allowing the hackers to extend their capabilities. Experts believe the campaign is still ongoing and in its early stages, targeting Android ...