Canadian Password Manager Acquires Israeli Cyber Startup Apono for Over $250 Million
Canadian password-management company 1Password has agreed to buy Israeli startup Apono, founded by Rom Carmeli and Ofir Stein, in an all-cash deal worth more than $250 million. The acquisition is part of a Canadian-Israeli transaction in Israel's cybersecurity sector.
Under the deal, 1Password plans to establish a development center in Israel that will employ more than 50 people, and the company is expected to keep hiring locally. The move comes as Israeli tech is facing layoffs, while the Canadian government has been described as taking a hostile stance toward Israel.
Apono will join a global digital-security company best known for managing personal passwords and access to online services. The article does not give a closing date, but the transaction signals continued foreign interest in Israeli cyber startups despite the broader market and political climate.
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