logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Hub Security Acquires European Based Cyber Distribution Business

May 31, 2022•over 3 years ago

Acquiring Company

HUB Cyber Security Ltd

Acquired Company

HUB Cyber Security Ltd

Tel AvivTel AvivNetwork SecuritySecurityInformation TechnologyCyber SecurityInformation TechnologySecurityCyber SecurityNetwork Security

Description

HUB Cyber Security (Israel) Limited (TASE: HUB), a developer of Confidential Computing cybersecurity solutions and services ("HUB" or the "Company"), announced today that it will acquire the cyber security assets of a European Cyber firm that has an extensive EMEA distribution network of cyber solutions for major government and enterprise data centers. The company will acquire the activity for approximately $10 million in cash and up to $12 million in shares.

Company Information

Company

HUB Cyber Security Ltd

Location

Tel Aviv, Tel Aviv District, Israel

About

HUB Cyber Security Ltd. is a developer of confidential computing cybersecurity solutions and services. Established in 2017, the company specializes in unique cyber security solutions protecting sensitive commercial and government information. HUB Security operates in over 30 countries and provides innovative cybersecurity computing appliances and a wide range of cybersecurity services worldwide.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed