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Temasek to buy Israeli cybersecurity firm Sygnia

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TEL AVIV: Singapore investment firm Temasek Holdings has agreed to acquire Israeli cybersecurity technology and services provider Sygnia for an undisclosed amount.

The Israeli start-up, which has offices in Tel Aviv and New York, will maintain its operational independence while pursuing collaborations with Temasek and its portfolio companies, Sygnia said on Tuesday (Oct 16).

Financial details were not provided. A source with knowledge of the deal, who asked not to be named, told Reuters that Temasek is paying US$250 million.

Read more at https://www.channelnewsasia.com/news/business/temasek-to-buy-israeli-cybersecurity-firm-sygnia-10833292