UK data security company Mimecast Ltd. has acquired Israeli cybersecurity startup Solebit for $88 million in cash.
The Israeli startup provides a fast, accurate and computationally efficient approach for the identification and isolation of zero-day malware and unknown threats in data files as well as links to external resources.
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Mimecast said today that the acquisition of cybersecurity technology will enhance its cyber resilience platform architecture and that Solebit provides powerful threat protection to help customers face today’s broad threat landscape with evasion-aware, signature-less technology.
Founded in 2014 by CEO Boris Vaynberg, CTO Meni Farjon, and VP product Yossi Sara, all graduates of the elite intelligence unit 8200 in the Israel Defense Forces. Solebit has raised $13 million to date from ClearSky Security and with the participation of MassMutual Ventures and Glilot Capital Partners.
The Herzliya based company has 35 employees. Solebit will become Mimecast’s Israel development center.
Solebit has developed a differentiated approach that is engineered to preclude the need for signatures and sandboxes. It is designed to help customers find advanced threats by recognizing when there is a malicious code embedded within active content and data files. Solebit is built to scan content as it enters an organization’s systems to determine whether it is infected with malware in a transient way, avoiding the need for extra hardware and processing time typically required to isolate and detonate content presumed ‘risky.’ Solebit currently provides Mimecast and its customers insight into what was detected and why it was categorized as a threat.
The company’s advanced threat detection capabilities are already integrated into Mimecast products. Combined with the recent acquisition of Ataata in the security awareness and training space, and the recently previewed early adopter web security program, Solebit brings another important set of microservices to the Mime|OS platform that all of Mimecast’s unified services are built upon.
Mimecast CEO Peter Bauer said, “Security methods like signature-based antivirus and sandbox detonation are too limited when it comes to today’s most advanced threats. It’s time for a more capable, efficient and durable approach. We’re excited to welcome Solebit into the Mimecast family, as it helps us to offer customers a new approach that fundamentally improves their cybersecurity and resilience efficacy in the most efficient way on the market.”