Israeli startup Cygnia will be acquired by Temasek for about $ 250 million

by Ifi Reporter Category:Start Up Oct 16, 2018

Cygnia will be acquired by Temasek, the international investment company based in Singapore, and will continue to operate as an independent company with global cooperation with Tamasec, which is estimated at $ 250 million.
Shahar Levy, the company's founder and CEO, will continue to lead Signia after the acquisition. Nadav Tsafrir, former commander of 8200 intelligence millitary unit and CEO of Team8, will continue to serve as chairman of the board of directors of Signia, and Ariel Smolar and Ami Kor, other co-founders will continue to hold key positions in the company.
Signia was founded in 2015 as part of Team8 and is one of four companies established and announced by Team8, along with four other companies that have yet to be announced. This is the first exit for Team8, which was founded in 2014 and raised $ 42 million from leading investors including Microsoft, Cisco, Qualcomm and AT & T for research, initiation and establishment of companies.
"Joining Tamasec will strengthen our capabilities to provide organizations with strategic support to address the growing cyber challenge and enable us to accelerate capacity building," said Shachar Levy, adding that "SIGIA will maintain its commitment to the highest standards of professional excellence, customer focus, determination and speed."
"Team8 will remain committed to the success of Signia even after the acquisition and continue to work closely with it," said Nadav Zafrir.
Signia has so far maintained great secrecy and was exposed in New York in 2017. The founder and CEO of Signia is Shahar Levy, who has served in the past two decades in senior research, strategy and management positions in the civil service and in the private sector, and together with Levy, Sigia Ariel Smolar, Arik Gomanowski and Ami Kor.
 Signia will continue to operate as an independent company in cooperation with the various Tamasec companies around the world. With the acquisition, will increase its workforce in Israel and around the world. Signia helps companies build resilience to cyber attacks and respond to and defeat complex attacks on their networks. Since its inception, the company has responded to numerous network attacks and has established itself as a leading consulting firm for management, boards of directors, and technology organizations in the world's leading companies, including Fortune 100 companies. , Telecom, manufacturing and retail.
 The company applies technological supremacy, the system art of fighting cyber attacks, data analysis, and an emphasis on the business objectives of the companies with which it operates - to enable organizations to improve their defenses. Signaya is based on a team of experts of the highest rank in the world, with an integrated background - military and industrial. It recruits both veterans of intelligence units and technological units in the defense establishment, and has extensive experience in cyber technology companies in Israel and around the world.
Signia was founded in 2015 as part of Team8. Is one of four companies established and announced by Team8, along with four other companies that have yet to be announced. This is the first exit for Team8, founded in 2014, and raised $ 42 million from top tier investors including Microsoft, Cisco, Qualcomm and AT & T for research and establishment.

 

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