Israeli digital forensics firm Cellebrite gets US$110 million IGP investment

News June 18, 2019 1 Comment

Israeli digital forensics firm Cellebrite gets US$110 million IGP investment

JERUSALEM: Israel’s Cellebrite, whose software can unlock and extract data from mobile devices and is used by law enforcement and government agencies as well as businesses, said on Monday it had received a US$110 million investment from IGP Capital.

The company, which was acquired by Japan’s Sun Corp in 2007, did not provide further financial details.

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Israeli news website Calcalist said that after the deal, which values Cellebrite at US$440 million, investment fund Israel Growth Partners (IGP) will hold about a 25per cent stake in Cellebrite.

The investment will allow Cellebrite to accelerate growth “both organically and through acquisitions”, Cellebrite Co-CEO Yossi Carmil said in a statement.

(Reporting by Ari Rabinovitch; Editing by Alexander Smith)

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