The Cyber Angle
Bloomberg The US private equity firm AE Industrial Partners has acquired one of Israel’s leading spyware companies in a move that’s injected enthusiasm into the Middle Eastern country’s scandal-plagued surveillance technology industry. Florida-based AE bought Tel-Aviv’s Paragon in a deal worth up to $900 million, according to a person familiar with the deal, who spoke on condition of anonymity to discuss confidential business. The agreement consists of an initial $500 million payment and could increase by a further $400 million depending on sales and other targets, the person added. AE plans to merge Paragon with REDLattice, a US cybersecurity firm … Continue reading The Cyber Angle
