Singapore's Temasek to buy Israeli cybersecurity firm Sygnia
16 October 2018
Singapore-based investment fund Temasek has agreed to buy Israeli cybersecurity technology and services provider Sygnia for an undisclosed amount, the Israeli firm said today.
Sygnia did not provide financial details of the deal, but reports quoting sources close to the deal said Temasek will be paying $250 million for Sygnia.
Sygnia, which has offices in Tel Aviv and New York, will maintain its operational independence while pursuing collaborations with Temasek and its portfolio companies.
Founder and CEO of Sygnia, Shachar Levy, will continue to head the company and Nadav Zafrir, former commander of Israel’s intelligence unit 8200 and CEO of Team8, will remain chairman.
Launched in 2015 by Israel’s Team8, Sygnia works with companies worldwide to build their cyber resilience and defeat attacks within their networks.
It has not received funding beyond its original investment by Team8, which according to the source was $4.3 million. Sygnia is the third of four companies launched by Team8.
Sygnia is a cyber technology and services company, providing high-end consulting and incident response support for organisations worldwide. Using superior technological and digital combat experience the company helps organisations to excel in thwarting cyber attacks.