SuperCom Plans Acquisition Of Israel-based Cyber Security Company

  • Our Bureau
  • 10:46 AM, January 7, 2015
  • 2896

SuperCom Ltd is planning to acquire Israel-based cyber security company Prevision Ltd as part of its strategy to offer complimentary security products and solutions to its growing customer base.

The company expects the deal to contain an upfront cash payment and a potential earn out payments over five years, with the total aggregate payment capped at $2.5 million.

The closing of the proposed acquisition is expected within 60 days, pending successful due diligence and signing of definitive agreements.

Also Read

India, US To Step-up Cyber-Security Cooperation

August 15, 2015 @ 10:54 AM

Tackling Cyber Attacks To Be Discussed At World Economic Forum In Davos

January 22, 2015 @ 01:07 PM

US, UK To ‘Cyber Attack’ One Another to Test Defenses Against ISIS...

January 17, 2015 @ 10:23 AM

France To Wiretap Exchanges On Social Media, Beef Up Domestic Surveillance

January 15, 2015 @ 10:55 AM

RT LTA Aerostats To Assist Israeli Police Applications

January 12, 2015 @ 12:46 PM