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PayPal to buy Israeli cyber security firm CyActive

Mar 10, 2015    

Online payments company PayPal, a unit of eBay, will buy Israeli cyber security company CyActive for $60 million, Israeli media reported.The Globes financial newspaper said the deal is expected to close shortly.A spokeswoman for CyActive, which was founded in 2013, declined to comment on the reports.CyActive, which says it can forecast future cyber attacks and offer companies such as utilities detection and prevention, received a strategic investment from the venture capital unit of Siemens in September. Financial details were not disclosed.Siemens joined Jerusalem Venture Partners (JVP), an I...

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