Israeli digital forensics firm Cellebrite gets $110 million IGP investment

JERUSALEM (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 in 2007, did not provide further financial details.

ReutersJun 18, 2019 00:11:58 IST

Israeli digital forensics firm Cellebrite gets $110 million IGP investment

JERUSALEM (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 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)

This story has not been edited by Firstpost staff and is generated by auto-feed.

tags

Reuters

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also see

Newstracker

Manchester attacker's younger brother arrested in Tripoli - spokesman | Reuters

Manchester attacker's younger brother arrested in Tripoli - spokesman
| Reuters

UK police arrest fifth person in connection with Manchester attack
| Reuters

Newstracker

UK police arrest fifth person in connection with Manchester attack | Reuters

British police hunt possible bomb-maker, accomplices after Manchester bombing - sources
| Reuters

Newstracker

British police hunt possible bomb-maker, accomplices after Manchester bombing - sources | Reuters

Lupin warns of more pricing pressure as fourth-quarter profit halves
| Reuters

Newstracker

Lupin warns of more pricing pressure as fourth-quarter profit halves | Reuters

EXCLUSIVE: Wannacry hits Russian postal service, exposes wider security shortcomings
| Reuters

Newstracker

EXCLUSIVE: Wannacry hits Russian postal service, exposes wider security shortcomings | Reuters

China's Xi says navy should become world class
| Reuters

Newstracker

China's Xi says navy should become world class | Reuters

Race To The Moon: NASA awards both Jeff Bezos, Elon Musk contracts to put humans on the Moon

NASA Artemis Missions

Race To The Moon: NASA awards both Jeff Bezos, Elon Musk contracts to put humans on the Moon

ET becomes real? Scientists tracking a NASA probe believe aliens could contact Earth by 2029

ET becomes real? Scientists tracking a NASA probe believe aliens could contact Earth by 2029

Watch: Massive explosion on the Sun sends billions of tons of plasma to the Earth, could cause blackouts

Solar Events

Watch: Massive explosion on the Sun sends billions of tons of plasma to the Earth, could cause blackouts

Conceived By Robots: Scientists can now help make babies using a surgical robot and a PS5 controller

Robotics

Conceived By Robots: Scientists can now help make babies using a surgical robot and a PS5 controller