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The head of the Mossad's cyber company: $ 700 million exit
XM Cyber, the cyber company of former Mossad chief Tamir Pardo and his partners - Noam Erez and Boaz Gorodisky in record-breaking exit: $ 700 million after only 5 years of operation: Sold to the German corporation Schwarz Group after raising only $ 48 million so far
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Monday, 22 November 2021, 13:49 Updated: 14:07
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Such an exit, as the company of former Mossad officials did, is not even seen in James Bond films: Noam Erez's cyber company Noam Erez, Boaz Gorodisky, former Mossad chief Tamir Pardo and international businessman Shaul Shani announce its acquisition by the German giant corporation Schwarz Group for $ 700 million
The German corporation Schwarz Group is the fourth largest retail chain in the world. Operates, during which it raised only $ 48 million.As a
result of the acquisition, XM Cyber will significantly develop and expand its technology and solution basket, in part to protect the IT infrastructure and cloud services from Schwarz Group.
The acquisition will enable a secure digital future for businesses and place XM Cyber as one of the world leaders in cyber protection in hybrid computing environments that combine different cloud technologies and local On-Premise XM Cyber networks, will continue to operate independently from the company's headquarters in Herzliya.
According to the company's announcement, it will continue to maintain the uncompromising standard of service, by definition, for its customers.
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To the full article
Cyberattacks.
The bandits of the third millennium (Photo: ShutterStock)
The relentless digital changes are exposing many organizations to increasing risks, including ransomware, hybrid cloud breaches and attacks on supply chains - the three main threats that can cause serious damage to companies.
Security teams are required to deal with the protection of dynamic, highly complex networks and sophisticated cybercrime organizations.
This complexity poses a huge challenge to security teams and they have difficulty identifying issues that require immediate action to close loopholes that could jeopardize critical assets.
XM Cyber offers an innovative approach to proactively preventing cyber attacks while taking advantage of the attacker's approach.
As part of the discovery of critical attack paths on local networks (On Premise) and multi-clouds (Multi Cloud), it helps organizations close security vulnerabilities effectively and effectively even before they are exposed to danger.
The extensive and unique knowledge of the company's cyber security and the ability to translate it into a proven product is an essential component in this strategic acquisition of the German corporation Schwarz Group.
Right: Tamir Pardo, Noam Erez and Boaz Gorodisky (Photo: Yoram Reshef)
"A culture of excellence required to deal with cyber threats"
Noam Erez, CEO and co-founder of XM Cyber
: “At a time when computer networks are becoming larger and more complex and businesses are adopting an ever-increasing pace of remote work and cloud services, the attack surface has grown significantly.
In this reality, the attacker's ability to move within the organization's hybrid networks and produce accessibility to critical digital assets, whether they are in the cloud or on the local network, has increased.
One of the main problems is the multiplicity of protection products that mostly deal with problems in a disciplinary manner, without merging mutual information and without taking into account the attacker's point of view.XM Cyber has developed a unique approach to network protection and cloud based cloud attack.
XM Cyber's system combines different disciplines, and knows how to detect a variety of problems, including: incorrect configuration, incorrect behavior of network users, incorrectly managed passwords and weaknesses (CVEs) in the various programs. "By doing so, XM Cyber identifies all the attack paths that go under the radar of the defense systems, until they reach the critical assets of the organization and helps the organization to block these attack routes ahead of time."
Boaz Gorodisky CTO and co-founder of XM Cyber
: "At XM Cyber, we have developed a groundbreaking technology (Attack Path Modeling) that automatically and continuously calculates all attack paths that could jeopardize the organization's critical digital assets. Based on the findings, the system calculates the fixes. Critical ones that will prevent the attacker from accessing those assets.
In fact, XM Cyber's development team has created a unique system in its concept of cyber protection, which for the first time allows the organization to see what the company's computer system looks like through the attacker's eyes and thus provide a proactive defensive response. XM Cyber's response enables organizations to operate in a limited To provide a quick and surgical solution to the most serious security problems. "
Tamir Pardo President of
XM Cyber ":
XM Cyber
has built a powerful combination of professional depth, methodologies, technologies and a culture of excellence - needed to deal with the growing complexity of cyber threats. In the data age we need strong and breathable cyber that can withstand growing threats In sophistication. "
Christian Müller, CEO of Schwarz Group: "XM Cyber brings with it a deep technical understanding and innovation that perfectly matches our product offering in the field of advanced cyber security services."
Rolf Shumen, Chief Digital Officer at Schwarz Group
: "Detecting and closing security vulnerabilities from an attacker's point of view is a unique approach to how organizations can proactively protect their networks. XM Cyber's approach adds to our robust IT security fundamentals Our customers and partners, as well as ourselves as a company. "
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