Rubrik acquires cloud security startup Laminar for USD200-250 million

Categories: Corporate and M&A, Hi-Tech

Israeli cloud security start-up Laminar has been acquired by U.S. company Rubrik for an estimated amount of USD200-250 million, according to a report in Calcalist. Previous negotiations to buy the company had included U.S. software company Datadog.

This marks a significant exit for Laminar, a three-year-old company that has raised USD67 million to date.

The combination between the two companies will create the industry’s first complete cyber resilience offering of its kind, while sharing a common vision according to which cyber resilience is the next frontier in DATA security.

Naschitz Brandes Amir’s M&A team advised Rubrik on the transaction, led by senior partner and head of the firm’s M&A practice, Sharon Amir, partners Einat Rosu and Itay Deutsch, and associates Sharon Gold, Oshrat Ben Haim, and Tom Gellert. Employment adv ice was also provided by partner Michal Zohar and associate Yael Gluzman, with tax advice by partner and head of Tax, Keshet Sirota-Leviner, together with associate Hadar Mauda.

Meitar advised Laminar, led by Itay Frishman, Shir Stott and Feigue Bembaron.