U.S. giant EPAM acquires Israeli cybersecurity startup White-Hat
The sum of the deal wasn't announced, but is believed to be in the tens of millions of dollars and to include both cash and shares
“Adding their expertise, methodologies, and team of talented professionals will help our clients design cybersecurity into their applications—at agile speed and cloud scale—while advancing towards Zero Trust Architecture," said Sam Rehman, Chief Information Security Officer and Head of Cybersecurity, EPAM Systems. "As organizations modernize their architectures and applications, their devices, users, applications, and networks become potential breach points, making it imperative to secure infrastructure and protect sensitive data. We've increased our cybersecurity investments, because security should be as pervasive as the cloud."
Taking an 'offense as a form of defense' approach, White-Hat handles some of the most sophisticated attacks in the world for governmental, banking, insurance, aerospace and energy organizations. Their research-based incident response toolsets and methodologies aim to bring an organization to a full understanding of what happened and how to contain, eradicate and recover—leaving them prepared to respond to the next attack.
According to CEO Levinger: "We are ready to combine our cybersecurity know-how and bring new, innovative solutions to market. Our expertise in Incident Response and Threat Hunting will allow us to rapidly enhance EPAM's Offensive Security approaches to address the needs of the modern digital enterprise."