Israel Cybersecurity Co White-Hat Bought Out by EPAM for $50 Million


Israel Cybersecurity Co White-Hat Bought Out by EPAM for $50 Million

Cybersecurity firms are hot these days.

White-Hat, an Israeli cybersecurity startup, has been acquired by EPAM Services Inc., an American digital platform engineering company. While the purchase price was not officially disclosed, Globes has cited sources as saying that it was around $50 million.

Founded in 2012 by Chairman Sharon Nimirov, White-Hat Ltd. is a cyber consultancy which states that it employs only “highly professional and trained experts,” all with the HLS and Israeli security forces background and expertise in order to keep the highest standards in Cyber Intelligence Consulting Services. White-Hat delivers tailor-made cyber services across the globe. Their proactive and mission-focused approach meets today’s cyber challenges and anticipates tomorrow’s threats as they arrive by constant sources research.

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White-Hat handles some of the most sophisticated attacks in the world for governmental, banking, insurance, aerospace and energy organizations. Their research-based incident response toolsets and methodologies rapidly bring an organization to a full understanding of what happened and how to contain, eradicate and recover—leaving them prepared to respond to the next attack. Services include Eye of the Enemy to optimize a company’s defensive strategy, incident response, threat hunting, global cyber intelligence, Security Operation Center (SOC), Advanced Persistance Threat (APT) and Penetration Test (PT).

There is a reason why cybersecurity startups are so valuable today. Hackers are not only motivated by money or politics. They often just like being malicious. So even small companies need to be on their guard and be sure to properly protect their systems.

“We are excited about this new chapter for our organization. By joining EPAM our employees will have an opportunity to work with many of the world’s leading brands and our customer will gain access to end-to-end digital transformation and platform engineering services,” Ofer Levinger, CEO at White-Hat, Ltd. “We are ready to combine our cybersecurity know-how and bring new, innovative solutions to market. Our expertise in Incident Response and Threat Hunting will allow us to rapidly enhance EPAM’s Offensive Security approaches to address the needs of the modern digital enterprise.”

Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its software engineering expertise to become a leading global product development, digital platform engineering, and top digital and product design agency. Through its ‘Engineering DNA’ and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver next-gen solutions that turn complex business challenges into real business outcomes. EPAM’s global teams serve customers in more than 35 countries across North America, Europe, Asia and Australia. As a recognized market leader in multiple categories among top global independent research agencies, EPAM was one of only four technology companies to appear on Forbes 25 Fastest Growing Public Tech Companies list every year of publication since 2013 and ranked as the top IT services company on Fortune’s 100 Fastest-Growing Companies list in 2019 and 2020.

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