This week Israeli cybersecurity consulting startup Sygnia announced that it was being acquired by Temasek, a global investment company headquartered in Singapore. Corporate security has been at the forefront of corporate CIOs and CxOs, and this acquisition highlights the growing significance of the business models driving cybersecurity.
According to the company,
Sygnia is a cyber technology and services company, providing high-end consulting and incident response support for organizations worldwide. We apply technological supremacy, digital combat experience, and a business-driven mindset to cyber security, enabling organizations to excel in the age of cyber. Sygnia is the trusted advisor and service provider of IT and security teams, senior managements and boards of top organizations, including Fortune 100 companies.
The financial terms of the deal were not disclosed but a source familiar with the transaction said it is worth $250 million. It is expected that Sygnia will continue to operate independently and its leaders including Founder and CEO Shachar Levy and Chairman Nadav Zafrir, will remain.