The XM Cyber ​​company founded by former Mossad chief Tamir Pardo was acquired for $ 700 million

The XM Cyber ​​company founded by Noam Erez, Boaz Gorodisky, former Mossad chief Tamir Pardo and businessman Shaul Shani announced its sale to the German giant Schwarz Group for $ 700 million. This is after five years of operation, during which the company raised only $ 48 million.
XM Cyber ​​has developed an innovative approach to preventing cyber attacks while taking advantage of the attacker's approach and thus helping organizations close security vulnerabilities effectively and efficiently even before they are exposed to danger.
Following the acquisition, XM Cyber ​​will significantly develop and expand its technology and solution basket, in part to protect the IT infrastructure and cloud services from the Schwarz Group.
XM Cyber ​​will continue to operate independently from the company's headquarters in Herzliya and will offer its range of products under the same brand and current management.
According to Tamir Pardo, President of the company, "XM Cyber ​​has built a powerful combination of professional depth, methodologies, technologies and a culture of excellence - needed to deal with the growing complexity of cyber threats. In sophistication. "
Noam Erez, CEO and Co-Founder of XM Cyber: "Joining the Schwarz Group, a huge global corporation that strives for the advanced development of the world of digital services and cloud services, opens up a whole world for XM Cyber ​​of protecting supply chains, preventing attacks Ransom and security of hybrid networks. "

photo: Yoram Reshef