Temasek, Singapore’s state-controlled investment vehicle, has acquired Israeli cybersecurity company Sygnia for around $250 million. Sygnia, headquartered in Tel Aviv, only came out of stealth last year. It was launched in 2015 by Team8, an Israeli cybersecurity think-tank and incubator. Sygnia will retain operational independence after the deal.
Sygnia provides high-end consultancy and incident response services for global corporations. Its previous $4.3m funding from Team8 was the only outside funding the company has won until now.
Sygnia’s customers are based in North America, EMEA and Latin America. Temasek, one of the world’s biggest investors, will help it gain traction in Asia. Sygnia founder and CEO Shachar Levy says the deal will “strengthen our capability to provide end to end strategic support to organizations in meeting the specter of cyber threats, and allow us to accelerate building our global reach.”
Temasek, incorporated in 1974, owns a $235bn portfolio with a large footprint in its home Asian market. It has stepped up its cybersecurity M&A activity in recent years. This June it poached New York’s Claroty for $60m, while last month it partnered with compatriot telco StarHub to launch Ensign InfoSecurity.