CrowdStrike Acquires Israeli-German Firm XM Cyber for $600 Million
Translated & summarized from Globes by baba
American cybersecurity firm CrowdStrike has acquired Israeli-German company XM Cyber for $600 million. This is the second sale for XM Cyber, which was previously sold for $700 million four years ago. Former Mossad chief Tamir Pardo was among the co-founders of XM Cyber, though he is reportedly no longer involved. The company was originally established by the German Schwartz Group.
The story in 5 lines · by baba
- CrowdStrike acquired Israeli-German cybersecurity firm XM Cyber for $600 million.
- XM Cyber was previously sold four years ago for $700 million.
- Former Mossad chief Tamir Pardo was a co-founder of XM Cyber.
- Tamir Pardo is reportedly no longer involved with the company.
- XM Cyber was initially established by the German Schwartz Group.
XM Cyber, an Israeli-German cybersecurity company co-founded by former Mossad chief Tamir Pardo, has been acquired by American cybersecurity giant CrowdStrike. This marks the second sale for XM Cyber, which was previously sold four years ago for $700 million. The current deal values the company at $600 million. It is understood that Tamir Pardo is no longer involved with the company. XM Cyber was initially established by the Schwartz Group, a German entity, before this latest acquisition.
The article also contains unrelated promotional text about a new area in Ashdod and the publication's ethical code.
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