IGP Acquires 25% Stake in Mobile Forensics Firm Cellebrite for $110 Million
Cellebrite specializes in mobile forensics and its devices are used for mobile data extraction by law enforcement, intelligence agencies, military entities, law firms, and security firms
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For the completion of the deal, IGP has partnered with Israeli institutional investors Leumi Partners Ltd., the venture arm of Israel’s Bank Leumi, Clal Insurance Enterprises Holdings Ltd., and Discount Capital Ltd., the investment arm of Israel Discount Bank Ltd.
Cellebrite's Leeor Ben-Peretz (left), Yossi Carmil, and Shahar Tal. Photo: Yariv Katz Founded in 1999 and based in Petah Tikva, a town in the Tel Aviv area, Cellebrite specializes in mobile forensics and its devices are used for mobile data extraction by law enforcement, intelligence agencies, military entities, law firms, and security firms.
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In May, Calcalist first reported on the negotiations between Sun Corp and IGP, following a December report on Sun Corp’s intent to offload at least part of its majority stake in Cellebrite, which it acquired in 2007 for $17 million.
