Our merger and acquisition news for October 2018 opens with the buyout of Tel Aviv-based cybersecurity consulting and incident response company Sygnia by Singapore’s Temasek Holdings. Press reports estimate the deal at $250 million. Three-year-old Sygnia plans to pursue collaborations with other Temasek portfolio companies and expand its global reach.
Check Point Software Technologies of Tel Aviv and California acquired Tel Aviv-based cloud cybersecurity company Dome9 Security for an undisclosed amount speculated at between $175 million and $200 million.
The acquisition of Starhome by Vista Equity Partners also was not disclosed but is estimated by Israeli business daily Calcalist as “around $100 million.” Fortissimo Capital acquired Starhome in 2012 for $80 million from Israel’s Comverse Technology, where the company was founded in 1999 to provide mobile network optimization and roaming services. Headquartered in Zurich, Starhome maintains a Ra’anana development center.
Bet Shemesh Engines of Beit Shemesh has signed an agreement to acquire Pratt & Whitney subsidiary Carmel Forge, which produces parts for turbine aero engines, for $58.5 million. Carmel Forge, based in northern Israel, provides the main raw materials for Bet Shemesh Engines.
Therapix Biosciences shareholders will receive $48 million of Ontario-based FSD Pharma stock upon closing of FSD’s acquisition of Givatayim-based Therapix, whose cannabis-based pharma formulations are now in international clinical studies for Tourette syndrome and for sleeping disorders.
Herzliya-headquartered smart energy company SolarEdge Technologies has agreed to acquire a 75 percent stake in South Korean battery company Kokam. The stake is valued at approximately $88 million.
American software company Perforce Software will buy Rosh HaAyin-based Perfecto Mobile for an undisclosed amount. Perfecto makes tools for automated quality testing of mobile applications.
American customer success management platform Gainsight has acquired Aptrinsic, a two-year-old startup based in California and Tel Aviv. The companies did not disclose the financial details of the deal.