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Wednesday, 19 June 2019 00:13 - - {{hitsCtrl.values.hits}}
FILE PHOTO: SIM cards using for Cellebrite UFED TOUCH, a device for the data extraction from mobile device such as mobile phone or smart phone, are seen at Tokyo office of Japanese electronics maker Sun Corp. during a photo opportunity in Tokyo - REUTERS
JERUSALEM (Reuters): Israel’s Cellebrite, whose software can unlock and extract data from mobile devices and is used by law enforcement and government agencies as well as businesses, said on Monday it had received a $ 110 million investment from IGP Capital.
The company, which was acquired by Japan’s Sun Corp in 2007, did not provide further financial details. Israeli news website Calcalist said that after the deal, which values Cellebrite at $ 440 million, investment fund Israel Growth Partners (IGP) will hold about a 25% stake in Cellebrite.
The investment will allow Cellebrite to accelerate growth “both organically and through acquisitions”, Cellebrite Co-CEO Yossi Carmil said in a statement.
