M&A Deal Summary

Hub Security Acquires Comsec

On September 29, 2021, Hub Security acquired information technology company Comsec for 70M ILS

Acquisition Highlights
  • This is Hub Security’s 1st transaction in the Information Technology sector.
  • This is Hub Security’s 0th largest (disclosed) transaction.
  • This is Hub Security’s 1st transaction in Israel.

M&A Deal Summary
Date 2021-09-29
Target Comsec
Sector Information Technology
Buyer(s) Hub Security
Deal Type Add-on Acquisition
Deal Value 70M ILS

Target

Comsec

Bnei Brak, Israel
website
Comsec is an operator of a cybersecurity company that offers a broad spectrum of services to its clients, providing comprehensive solutions in application security, security, and source code testing. Comsec was founded in 1987 and is based in Bnei Brak, Israel.

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Buyer(S) 1

Buyer

Hub Security

Tel-Aviv, Israel

website

Category Company
Founded 2017
Sector Information Technology
DESCRIPTION

Hub Security specializes in protecting sensitive commercial information and has an advanced encrypted computing solution for companies and organizations aimed at preventing hostile intrusions and the theft of sensitive commercial information. Hub Security was founded in 2017 and is based in Tel-Aviv, Isreal.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Israel) 1 of 1
Year (2021) 1 of 1
Mergr

Product

Company

Legal