Singapore-based global investment company Temasek and Israeli cybersecurity consulting firm Sygnia announced Tuesday that they have finalized a deal for Temasek to acquire the Israeli startup for some $250 million.
Financial magazine Forbes described the deal as highlighting "the growing significance of cybersecurity to investors around the world, the value placed on top-notch cybersecurity talent, and the continuing rise of Israel as a cybersecurity powerhouse."
Founded in 2015, Tel Aviv-based Sygnia focuses on cybersecurity consulting and response to complex and sophisticated cyberattacks.
The company has developed a reputation for rapid and decisive threat responses, especially among Fortune 100 companies and major global companies in the financial, legal, retail, information technology, media, pharmaceutical, telecommunication, logistics and manufacturing industries, helping them build their cyber resilience.
The deal will allow Sygnia to expand its global reach while maintaining its operational independence. Founder and CEO Shachar Levy and Chairman Nadav Zafrir will remain in their positions, as will co-founders Ariel Smoler and Ami Kor, Sygnia said.
"Aligning with Temasek will strengthen our capability to provide end-to-end strategic support to organizations in meeting the specter of cyber threats, and allow us to accelerate building our global reach," Levy told financial daily Globes on Tuesday.
"I am incredibly proud of our team members, who have made this company into what it is. We will remain committed to the highest standards of professional excellence, client focus, decisiveness and speed," he said.
