Elbit Subsidiary, Cyberbit, Raises $30 M From Claridge Israel

June 04, 2018

-

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that it's wholly-owned subsidiary, Cyberbit Ltd. ("Cyberbit"), raised a $30 million investment from the private equity investor Claridge Israel L.P. ("Claridge Israel "). Engaged in the cyber security area Cyberbit provides cyber training and simulation solution - Cyberbit Range - and a consolidated detection and response platform that protects an organization's entire attack surface across IT, OT and IoT networks.

This investment will facilitate Cyberbit's ability to take advantage of the rising demand for its product line, as well as expand sales and marketing operations, primarily in North America, enhance customer and partner support and boost development.

Oded Tal, Managing Partner of Claridge Israel, will join Cyberbit's board of directors.

Source : Elbit Systems Ltd.