Sales and business development director of Cobwebs (company pic) Technologies
Cobwebs, an Israeli startup and web intelligence company, has been acquired by the American private equity firm Spire Capital. The terms of the deal were not disclosed, but reports suggest that it could be worth anywhere from $200 to $250 million.
Cobwebs has raised about $10 million in funding and employs about 170 people.
Founded in 2000, Spire Capital is a private equity firm focused on lead and control investments in middle market companies within the technology enabled business services, media, education and communications sectors. Spire Capital leads buyout investments in its areas of expertise and believes its deep industry experience and network of relationships are invaluable in helping its portfolio companies to grow and create value.
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Founded in 2015 by CEO Udi Levy, CTO Shay Attias, and company president Omri Timianker, all graduates of IDF intelligence units, Cobwebs Technologies is a web intelligence firm that boasts its “innovative” solutions are tailored to the operational needs of national security agencies and the private sector, identifying threats with just one click. Cobwebs solutions were designed by intelligence and security experts as “vital tools for the collection and analysis of data from all web layers: open, deep, and dark web.” The company’s web intelligence platform monitors these vast sources of data to reveal hidden leads and generate insights.
Cobwebs said that it will now partner with fellow Spire Capitol firm PenLink Ltd. to provide mission-critical digital intelligence for modern investigations. The acquisition of Cobwebs, through capital investment partner, Spire Capital, will add industry-leading open-source intelligence capabilities to the PenLink digital investigation platform to support investigators, analysts, and prosecutors.
“Investigators and analysts are currently using a variety of siloed tools to perform retrieval, analysis, and presentation of open-source intelligence and digital evidence,” said Udi Levy, CEO and co-founder of Cobwebs Technologies. “Combining our solutions will empower law enforcement and national security agencies to bring all digital intelligence domains into a single unified platform to drive new levels of insight and efficiency.”
“This acquisition not only solidifies PenLink’s leading position with the law enforcement community but will change how technology and data are used to inform investigations within national security missions as well,” said Sean White, partner at Spire Capital Partners. “We are pleased to partner with both companies to strengthen their presence globally and provide a platform to reduce the growing burden facing today’s investigators.”
