Friday, September 21st | 12 Tishri 5779

Subscribe
August 2, 2018 9:36 am

UK’s Mimecast Purchases Israeli Cybersecurity Firm Solebit for $98 Million

avatar by Israel Hayom / JNS.org

Email a copy of "UK’s Mimecast Purchases Israeli Cybersecurity Firm Solebit for $98 Million" to a friend

A Hewlett-Packard tablet computer. As American and Israeli schools shift from textbooks to tablets, entrepreneurs from the “startup nation” are hoping they can bank on the trend. Photo: Janto Dreijer via Wikimedia Commons.

JNS.org – Leading British email and data-security company ‎Mimecast announced on Tuesday that it has acquired ‎Israeli security software developer Solebit for some ‎‎$88 million in cash and $10 million in non-cash ‎assets. ‎

This is Mimecast’s first investment in Israel.

Founded in 2014 by cybersecurity ‎experts Boris ‎Vaynberg and Meni Farjon, Solebit provides “a fast, accurate ‎and computationally efficient ‎approach for the ‎identification and isolation of ‎zero-day malware and ‎unknown threats in data files, ‎as well as links to ‎external resources,” according to its website.‎

It provides cybersecurity services for global ‎‎financial organizations, ‎the high-tech sector, ‎security vendors, ‎cloud and telecom service ‎‎providers as active ‎customers.‎

Related coverage

September 21, 2018 1:09 pm
0

University of Michigan Regent Denounces Professor’s ‘Antisemitic’ Refusal to Recommend Student for Study in Tel Aviv

The president of the University of Michigan pledged on Thursday to take "appropriate steps" to address a professor's refusal to help...

The London-based Mimecast, founded in 2003, ‎specializing in ‎cloud-based email management for ‎Microsoft Exchange ‎and Microsoft Office 365.‎

Solebit, which is headquartered in Herzliya, ‎employees 35. The company will become ‎Mimecast’s local research and development center in ‎Israel. ‎

“Security methods like signature-based antivirus and ‎sandbox detonation are too limited when it comes to ‎today’s most advanced threats. It’s time for a more ‎capable, efficient and durable approach,” Mimecast ‎CEO Peter Bauer said in a statement‏.‏

‏“We’re excited to welcome Solebit into the Mimecast ‎family, as it helps us to offer customers a new ‎approach that fundamentally improves their ‎cybersecurity and resilience efficacy in the most ‎efficient way on the market,” he said.‎

Share this Story: Share On Facebook Share On Twitter Email This Article

Let your voice be heard!

Join the Algemeiner

Algemeiner.com