Hitech

In a strategic move to bolster its cybersecurity offerings, global cybersecurity leader Check Point has announced the acquisition of Israel-based Perimeter 81 for $490 million. This acquisition marks the second-largest in Check Point's history and comes as a significant milestone for both companies. Perimeter 81, founded in 2018 by CEO Amit Barkat and Saghi Gidli, has rapidly established itself as a pioneer in providing advanced cyber protection for remote employees. With its innovative cloud-adapted technology, the company has carved a niche in safeguarding remote connections across...

Recent revelations have sparked controversy over allegations that Pakistan's Federal Bureau of Investigation (FIA) and various police units have been using mobile phone hacking equipment from Israeli company Cellebrite for surveillance purposes. This development is particularly noteworthy given the absence of official diplomatic relations between Pakistan and Israel, which has led to the Pakistani passport bearing a notable exception to entry into Israel

Leading Israeli cybersecurity company SentinelOne (SentinelOne) is reportedly evaluating potential strategic options, including a possible sale. According to a report published by Reuters, this revelation has led to a surge of 13% in the company's Wall Street trading, characterized by high turnover. Having been traded at a market value of $4.2 billion, SentinelOne has emerged as an acquisition target following an 80% decline in its stock value over the past two years. Insiders familiar with the situation have disclosed that the company has engaged the services of investment bank Qatalyst...

In a surprising turn of events, cloud cybersecurity startup Wiz is reportedly considering the acquisition of Sentinel One, an established Israeli cybersecurity company, according to a recent Bloomberg report. This potential acquisition marks an unusual move in the tech industry, as startups typically do not acquire publicly traded companies. Sentinel One's shares experienced a 3.2% surge in Wall Street trading following the news

Rafael, one of Israel's leading defense companies managed by Yoav Har-Even, has posted a profit of NIS 62 million in the second quarter of 2023. This starkly contrasts with the NIS 75 million loss registered during the same period in 2022. The company's financial success is attributed to a robust growth of 29% in revenues during Q2 2023, amounting to NIS 3.1 billion

In a strategic move that underscores the growing synergy between fintech and cybersecurity, Verifone, a prominent player in the fintech sector, has announced its collaboration with Check Point, a renowned Israeli cybersecurity company. The partnership centers around Verifone's cutting-edge monetization platform, CheckOut2, which Check Point has chosen to market and sell its extensive range of online courses and training modules focused on information security and cyber awareness to organizations worldwide

In the first quarter of 2023, foreign investment transactions in Israel amounted to approximately $2.6 billion, marking a significant decrease of about 60% when compared to the average quarterly figures for 2020 and 2022, according to an annual summary published by the Chief Economist Division at the Ministry of Finance, led by Dr. Shmuel Abramson

Iranian-affiliated hacking group has successfully breached the computer systems of 34 companies, with a staggering 32 of them being Israeli-based. This cyberattack was brought to light by researchers from ESET, an information security company, who released their findings on Monday

Israeli gaming company Playtica made a significant announcement this morning, revealing its acquisition of gaming start-up Innplay Labs (Innplay) for an initial sum of $80 million. The deal includes potential milestone payments that could eventually total approximately $300 million