a 3rd Israeli exit in a month: Mimecast acquired Israeli start-up Solebit

by Ifi Reporter Category:Hitech Jul 31, 2018

Mimecast which specializes in information security, announced that it has acquired Israeli start-up Solebit. The market estimates that the American company paid $ 88 million for Solbit for $ 88 million in cash. This is the third exit this month, after the deals in Daturma and Redkix.
Solbit develops a platform that helps organizations deal with hackers and other cybercriminals using automated security solutions that prevent hacking into the organization. This is done by blocking the malicious code before it attacks the organization. Mimecast Limited announced that it has acquired Solbit, after its capabilities have already been incorporated into the company's products.
The current acquisition joins the acquisition of the US cyber security platform Ataata, for an undisclosed sum. Solbit introduced capabilities that enable its customers to detect threats through a different approach: identifying malicious codes embedded in active content and information files, and providing insight into its findings.
"Attackers still have an advantage, especially in Zero Day attacks, despite the many investments in security solutions," said Boris Weinberg, CEO and founder of Solebit.
Founded in 2014 by Manny Farjun, Yossi Sara and Boris Weinberg, Solit has raised $ 13 million in two rounds. The company has 35 employees. It will maintain the existing structure and become Mimecast's Israeli development center. Established in 2003, Mimecast provides security, archiving and cloud services to protect email communications and provide enterprise risk management systems.

The Israeli Internet company Datorama is sold to the software company Salesforce for $ 850 million. The final amount will be settled with Salesforce reporting the deal to investors. This is one of the great and impressive exits of recent years. So far, Datorama has raised about $ 50 million.
Datorama has 17 offices worldwide and 400 employees. The entire activity is being acquired by Salesforce and will continue to operate as a separate unit and as the main development center for Salesforce in Israel.

Datorama has built a platform that analyzes advertisers' campaigns running in multiple channels simultaneously (Marketing Analytics). Datorama's software quickly integrates all the information coming from the various advertising channels - Facebook, Google, Snapchat or coupons that have been received at the sales counters and enables analysis and visualization through visualization tools and goal-based alerts.
The company serves thousands of clients, including marketing managers in organizations, advertising agencies, sites and technology companies. Among its clients are GoDaddy, L'oreal, Foursquare, Yahoo Japan. Her business model is based on a monthly subscription whose price is determined according to the scope of activity ranging from $ 2,500 to $ 150,000 a month.
Datorama was founded in June 2012 by Israeli entrepreneurs Efi Cohen, CTO, Ran Sarig, CEO; And Caryne Ribbent, vice president of clients at the company, is an American Belgian, formerly the head of Data Cohen and Shrig, who held senior positions in Mediamind, which was issued on Nasdaq in 2010 and later sold for $ 520 million.
Since its establishment, Datorama has raised $ 50 million.

In recent years, Salesforce has also focused on the acquisition of artificial intelligence companies, and in 2010 it acquired four companies in the field to provide it with software development tools that provide better sales forecasts.

Salesforce was founded in 1999 by Mark Benioff, who left Oracle, then the world's largest technology company, and offers software services. The company's market value is $ 109.6 billion, as of Friday's close.

68 Views

Comments

No comments have been left here yet. Be the first who will do it.
Safety

captchaPlease input letters you see on the image.
Click on image to redraw.