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Israeli cybersmart sold for $ 120 million

American investment Fund Providence has acquired a 75% stake in Israeli start-up company Skybox Security, paying $ 80 million, and invested another $ 16 million in the company’s development.

Thus, the deal allows us to estimate the company in $ 120 million.

A startup working in the field of cyber security, was established in 2002, and so far it has been invested 42 million dollars.

According to The Marker, the company plans to use the funding for expansion and plans to hire 20-30 employees in addition to the 120 staff already deployed in the state.

Israeli cybersmart sold for $ 120 million 04.02.2016

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