Israel Aerospace Industries (IAI) announced today that it is investing millions of dollars in two cyber companies in Holland and Hungary. IAI’s investments will be carried out by IAI’s Cyber Division, with the goal of expanding IAI’s cyber R&D and its global footprint in this field. IAI’s announcement was made during the Cyber Week conference in Tel-Aviv, Israel.
In Holland, IAI will be investing in Inpedio BV, a provider of cutting-edge cyber security solutions to governments and enterprises. Inpedio BV offers ‘Zerox’, which detects and blocks exploitation attempts without a set of signatures, thus simultaneously addressing known and unknown vulnerabilities. Inpedio’s ‘Mercury’ product protects cellular iOS and Android devices from sophisticated attacks by implementing a multilayer approach to that integrates the protection layers of the devices with those of network and communications layers.
In Hungary, IAI is investing in Cytrox, which provides governments with an operational cyber solution for design, management and implementation of cyber intelligence as well as innovative engines for gathering intelligence from end devices and cloud services. IAI is showcasing the solutions offered by these two companies at the Cyber Week conference in Tel-Aviv.
These investments join IAI’s already existing cyber operations in Israel, Switzerland and Singapore. Recently, the Secura Group from Singapore also invested $4.5 million in Custodio Technologies, IAI’s R&D center in Singapore in exchange for 20% of its shares.
Esti Peshin, General Manager of IAI’s Cyber Division said, “Our investments in local software companies form the basis for expanding our R&D into fields that complement our Israeli operations while reinforcing our European representations in advancing joint business activities. In the same way, Secura Group’s investment in our R&D center in Singapore allows us to advance the development of early warning technologies and our positioning in Singapore’s business community.”
Cyber security has been identified by IAI as a strategic field and growth-engine for the company. The company is developing cyber solutions and unique and advanced capabilities for intelligence, monitoring, identification and accessibility and offers its customers a variety of abilities to cope with various cyber threats. IAI operates R&D and innovation centers in Singapore, Switzerland and Israel. In addition, IAI leads the Israel Cyber Company Consortium (IC3) which offers end-to-end solutions for national cyber systems and comprises leading Israel cyber companies.
