Singaporean investment firm Temasek Holdings is set to acquire Israeli cyber security company Sygnia for $250 million.
Sygnia’s technology ‘offers “military grade security”‘ that simulates various cyber attack scenarios that increase the of understanding of decision makers and enhances their decision making to more effectively protect ‘networks and critical assets’. The technology helps them understand the reality of cyber attacks in ‘real time’ and brings to their attention the company’s vulnerabilities.
Sygnia works with a variety of clients, ‘including Fortune 100 companies” in industries including finance, law, retail and information technology’.
With a multi billion dollar portfolio, Temasek have a keen interest in cyber security, and have a history of investing in cyber security startups.
Though the Israeli startup is being acquired and will collaborate closely with Temasek, it will continue to function with ‘operational independence’ and their headquarters will remain in Tel Aviv for now.