US digital platform engineering company EPAM Services Inc. (NYSE: EPAM) It will acquire Israeli cybersecurity company White-Hat. Financial details of the deal were not disclosed, but market sources believe the acquisition was worth about $ 50 million in cash and stocks. The company’s only shareholder is Chairman Sharon Nemirovsky, who will continue to lead the company after the acquisition with CEO Ofer Levinger. White-Hat, which has been involved in some of Israel’s notable cybersecurity crises in recent years, was founded in 2013 by Nimirovski and has 65 employees in Tel Aviv. White-Hat deals with some of the world’s most sophisticated attacks on government, banking, insurance, space and energy institutions. The company’s research-based incident response tools and methodologies are based on attack being the best form of defense, and they are able to quickly deliver the organization to a complete understanding of what happened and how to contain, eliminate and recover from it, leaving them ready to respond. For the next attack. Services include Eye of the Enemy to improve the company’s defense strategy, incident response, threat research, global cyber intelligence, Security Operations Center (SOC), Advanced Continuous Threat (APT), and Penetration Testing (PT). Levinger said, “We are excited about this new chapter for our organization. By joining EPAM, our employees will have the opportunity to work with many of the world’s leading brands and our customers will gain access to the services of basic system engineering and end-to-end digital transformation. We are ready to combine our expertise in The field of cybersecurity and providing new and innovative solutions in the market. Our experience in incident response and threat hunting will allow us to enhance the offensive security techniques of EPAM to meet the needs of modern digital enterprises. ”Sam Rahman, Chief Information Security Officer and Head of Cybersecurity at EPAM Systems, said,“ We are very pleased to be welcomed The EPAM family white hat. Adding their expertise, methodologies, and a team of talented professionals will help our clients design cybersecurity into their applications, at agile speed and on a cloud scale, while advancing toward a structure of distrust. As organizations update their architectures and applications, their devices, users, applications, and networks become potential breakthrough points, This makes it imperative to secure the infrastructure and protect sensitive data Liberian, because security should be pervasive like the cloud. Published by Globes, Israeli Business News – en.globes.co.il – on May 4, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021
EPAM acquires Israeli cybersecurity firm White-Hat
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