Temasek Holdings to acquire Israeli cybersecurity company Sygnia for $250mn

Sygina, an Israel based cybersecurity company on Thursday has announced that it is going to get acquired by Singapore based investment firm Temasek Holdings for an undisclosed amount.

The company said that it will operate independently even after collaborating with Temasek and its portfolio companies.

In a statement issued by Shachar Levy, Founder and CEO of Sarnia have said: “Aligning with Temasek will strengthen our capability to provide end to end strategic support to organizations in meeting the specter of cyber threats and allow us to accelerate building our global reach.”

The company has failed to disclose the amount of acquisition but according to CNBC reports, Temasek holdings will be acquiring Sygina for $250 million.

“Cyber, in its current magnitude, is a new domain of technology, a new domain of warfare, and a new domain of business,” Levy said. “Companies are today confronted with a level of risk which until lately was the realm of militaries and states.”

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