Matrix announced the acquisition of 70% of the control of the company 'Zebra Technologies at a value of NIS 65 million

Posted on Jan 10, 2023 by Ifi Reporter

The technology giant Matrix announced the acquisition of 70% of the control of the company 'Zebra Technologies' (Zebra AGR Technologies Ltd.) which specializes in providing innovative solutions in the fields of information security and data communication, and has revenues of approximately a quarter of a billion NIS per year. Zebra employees and managers will join the ranks of Matrix, and will continue to operate as an independent unit under the company's current management. Matrix acquires Zebra Technologies at a value of NIS 65 million.
'Zebra Technologies' was founded in 2008 by the current CEO - Eli Vodinsky, and its main activity is in the distribution of solutions in the fields of data communication, cyber protection, hardware, software and services. Zebra distributes products of about 20 international manufacturers, which it represents in Israel, Among the most prominent are: Juniper Networks, TrendMicro, PaloAlto, PulseSecure, ForcePoint, Imperva RSA, Forescout, Gigamon, Tenable, Vasco, F5 and Cato. Zebra's customers are mainly resellers who work extensively with many and varied manufacturers.
This acquisition significantly strengthens Matrix's capabilities in the field of distributing technology solutions, with expansion to new products and a wider customer base; Through the current acquisition, Matrix further increases its presence in the information security and infrastructure industry, and in fact creates greater added value for its customers with a more comprehensive service portfolio.
This purchase joins more than a hundred mergers and acquisitions that Matrix has carried out to date, the most recent of which, carried out last summer, was the purchase of 100% of the Israeli company Redt (RDT) - a leading provider of solutions and systems for a wide range of technologies.
"Zebra Technologies has always been a different distributor in the Israeli distribution landscape," says the company's CEO Eli Vodinsky; "Our vision is distribution with real added values for manufacturers. The added values are reflected in the shortening of the process of going to market, in a massive marketing and sales push while actively creating demand and notable logistical and financial advantages." Vodinsky added: "The Matrix company shares the same view, and provides the widest basket of technological solutions - therefore the connection is natural."
Moti Gutman, CEO of Matrix: "We welcome the joining of 'Zebra Technologies' to Matrix, together with the manufacturers, partners and customers. It is a privilege to add to our ranks a high-quality, successful and professional company, which, like Matrix, consists of highly experienced teams and managers who have been with the company for many years. We are proud to include Zebra under our umbrella, and provide a complementary envelope for all the company's needs so that it continues to grow and grow."
Matrix (Stock Exchange: Metrax), which employs approximately 11,000 people, is the leading information technology company in the Israeli market and has extensive operations in the US and Europe. In an era of digital acceleration, Matrix leads the market when it comes to the adoption of breakthrough technologies, methodologies and tools, which create tremendous value for its customers Matrix provides a 360-degree basket of tools and engages in the implementation of one of the largest strategic consulting and integration projects in the economy, development and implementation of organizational technologies and applications, local and cloud infrastructure solutions and services, outsourcing, outsourcing and outsourcing services, training and implementation, representation and marketing of leading software products from around the world, and more. The company is constantly at the forefront of innovation as it develops and implements innovative technologies in the fields of cloud, cyber, digital, big data, artificial intelligence, machine learning, the Internet of Things, automation, augmented reality, etc. The company operates in many sectors, among which stand out the sectors of security, technology, engineering, Government, health and financial Matrix is a business leader - the research companies IDC, STKI and Gartner rank it in first place in the software services industry in Israel for over 17 years.


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