/PRNewswire/ What s the News? EPAM acquires White-Hat Ltd., a leading cybersecurity services company. Why it s Important? Enterprise organizations are.
EPAM acquires Israeli cybersecurity co White-Hat
White-Hat, which has been involved in managing some of the most high profile cybersecurity crises in Israel, has 65 employees in Tel Aviv.
US digital platform engineering company EPAM Services Inc. (NYSE: EPAM) has announced that it is acquiring Israeli cybersecurity company White-Hat. No financial details about the deal were disclosed but market sources believe the acquisition is for about $50 million in cash and shares. The only shareholder in the company is chairman Sharon Nimirovski, who will continue to lead the company after the acquisition together with CEO Ofer Levinger.
White-Hat, which has been involved in some of the high profile cybersecurity crises in Israel in recent years, was founded in 2013 by Nimirovski and has 65 employees in Tel Aviv.