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Cyber company founded by ex-Mossad-head sold for $700m.

The deal helps the Schwarz Group, the world’s fourth-largest retailer and a growing force in cloud computing, to prepare for future challenges regarding IT security.

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Schwarz Group Acquires Israeli Hybrid Cloud Cybersecurity Innovator XM Cyber

/PRNewswire/ Schwarz Group, the world s fourth-largest retailer and a growing force in cloud computing, today announced the acquisition of XM Cyber. With.

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Germany's Schwarz Group buys Israeli co XM Cyber for $700m

The Israeli cybersecurity company's cofounder and president is Tamir Pardo, the former head of the Mossad.

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Israeli Cybersecurity Startup XM Cyber Acquired for $700 Million by Schwarz Group

Israeli Cybersecurity Startup XM Cyber Acquired for $700 Million by Schwarz Group
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Cybersecurity startup XM Cyber acquired for $700 million by Schwarz Group

The Israeli company, founded in 2016 by former Mossad head Tamir Pardo, Noam Erez, and Boaz Gorodiski, has developed a technology that simulates organized cyberattacks on companies to help them improve their defenses

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