Israeli digital forensics firm Cellebrite gets $110 mln IGP investment
17/06/2019 17:22
JERUSALEM, June 17 (Reuters) - Israel's Cellebrite, whose
software can unlock and extract data from mobile devices and is
used by law enforcement and government agencies as well as
businesses, said on Monday it had received a $110 million
investment from IGP Capital.
The company, which was acquired by Japan's Sun Corp 6736.T
in 2007, did not provide further financial details.
Israeli news website Calcalist said that after the deal,
which values Cellebrite at $440 million, investment fund Israel
Growth Partners (IGP) will hold about a 25% stake in Cellebrite.
The investment will allow Cellebrite to accelerate growth
"both organically and through acquisitions", Cellebrite Co-CEO
Yossi Carmil said in a statement.
(Reporting by Ari Rabinovitch;
Editing by Alexander Smith)
((ari.rabinovitch@thomsonreuters.com; +972-2-632-2202; Reuters
Messaging: ari.rabinovitch@thomsonreuters.com@reuters.net))