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Cyber company founded by ex-Mossad-head sold for $700m.

Herzliya-based XM Cyber, a cybersecurity company that was co-founded by former Mossad chief Tamir Pardo, was acquired by Germany’s Schwarz Group for $700 million, the companies said Monday.

The deal helps the world’s fourth-largest retailer and a growing force in cloud computing to prepare for future challenges regarding IT security while offering new growth opportunities for XM Cyber.

From an article in the Jerusalem Post

Read the rest of the article here


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