USA - Symantec Buys Israeli Cybersecurity Firm

Arno Froese

Symantec Corp is acquiring Israeli cybersecurity startup Fireglass, the company said, in a small deal designed to boost its products that protect corporate email and web browsing from threats.

Symantec is paying an undisclosed sum for the Tel Aviv-based company of about 40 employees. Fireglass specializes in an area of security called “browser isolation,” a technology that creates virtual websites allowing users to browse any content without having viruses touch their network.

Symantec has been one of the most serial acquirers in security companies in recent years, gobbling up Lifelock Inc for $2.3 billion earlier this year and Blue Coat Inc for $4.65 billion in 2015.

The deal will also increase the company’s footprint in Israel, a hotbed for cybersecurity, where Clark said Symantec has been looking to expand. Israel, which has more than 400 cybersecurity startups, attracts about 20 percent of private global cyber investment, Reuters has reported.

Fireglass, founded in 2014 by a former Check Point Software Technologies executive, was backed by investors such as Lightspeed Venture Partners and Norwest Venture Partners. It had raised $20 million in early 2016 and competes with Menlo Security.

-www.reuters.com, 6 July 2017

Arno's commentary

A foreign firm buying an Israeli high-tech product is no longer news. In this case Symantec, headquartered in California, aims to be a global leader in next-generation cybersecurity.

That’s one reason why the nations are treating Israel carefully, because that source of knowledge will continue to grow exponentially. At the same time, however, the nations of the world—without exception—will continue to insist that they can determine the borders of Israel, and with that they are opposing the God of Israel.

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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