Israeli Cybersecurity Firm XM Cyber Acquired, Employees Face Layoffs
Translated & summarized from TheMarker by baba
American cybersecurity firm CrowdStrike acquired the technology of Israeli company XM Cyber last month from the German Schwarz Group. The deal, first reported in June, is expected to lead to substantial layoffs at XM Cyber, which has about 400 employees, mostly in Israel.
The story in 4 lines · by baba
- CrowdStrike acquired XM Cyber's technology from the Schwarz Group last month.
- XM Cyber is an Israeli company with approximately 400 employees.
- Most of XM Cyber's employees are located in Israel.
- A large number of layoffs are anticipated at XM Cyber following the acquisition.
American cybersecurity giant CrowdStrike completed the acquisition of Israeli company XM Cyber's technology last month. The deal was reportedly made from the German retail group Schwarz.
CrowdStrike had first announced the acquisition in June. Following the transaction, a significant round of layoffs is expected at XM Cyber, which employs approximately 400 people, the majority of whom are in Israel.
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