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Israel/US: Cybersecurity firm Armis to be sold for $1B to Insight Partners?

 |  January 6, 2020

Cybersecurity firm Armis, which specializes in protection for the Internet of Things (IoT), is in advanced talks to be bought by US-based Insight Partners for around US$1 billion, Israeli financial news website Calcalist reported on Monday, January 6. 

The company employs some 240 people in Palo Alto, California, and in Tel Aviv, according to Calcalist. Insight Partners, a venture capital and private equity firm, opened offices in Tel Aviv in October.

In October, Insight Partners opened a Tel Aviv office, the firm’s first office outside of New York. The firm has over US$20 billion in assets under management and has backed more than 300 companies worldwide, according to company statements. In Israel, Insight has invested over US$700 million across more than 15 active deals and was an early investor in Tel Aviv-based, Nasdaq-listed website building company Wix.com

Full Content: Reuters

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