Schwarz Group buys Israeli co XM Cyber for USD 700 mln

Tuesday 23 November 2021 | 10:10 CET | News
Update: 23 November 2021 | 10:12 CET
German retail and cloud computing company Schwarz Group has announced the acquisition of Israeli cyber security company XM Cyber for USD 700 million. XM Cyber will continue to operate independently and offer its products under its current brand and support structure. XM Cyber president Tamir Pardo is the former head of the Mossad and XM stands for ex-Mossad, the co-founders being Israeli intelligence community veterans Noam Erez and Boaz Gorodissky.

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[23/11/2021 10:12- Update: Adds comments from Schwarz Group]

Categories: Internet / IT
Companies: XM Cyber
Countries: Germany / Israel / World
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