Rapid 7 acquires Israeli cyber startup Alcide.IO for USD 50 million
U.S.-based cyber company Rapid 7, represented by Gross Law Firm – GKH, is acquiring Israeli start-up Alcide.IO Ltd for USD 50 million.
H-F & Co. represented Alcide.io in its exciting acquisition by Rapid7 and throughout the journey leading up to it. To date, the Tel Aviv-headquartered company had raised USD 12 million from the likes of Intel Capital, Elron, and CE Ventures.
As part of the agreement, Alcide, which employs 30 people, will function as Rapid 7’s Israeli development center. Rapid 7 is traded on NASDAQ at a valuation of USD 4.5 billion. It employs 1,250 people and reported Q4 2020 revenues of USD 105 million.
Alcide developed a cloud security platform designed to provide DevOps, security, and engineering teams with simplified tools to manage and protect data centers against cyberattacks.
The H-F team comprised Anat Nachum, Ora Templeman, Nitzan Hirsch-Falk, Yarin Bitton, Adi Gillat, Yasmin Zohar, Orly Charas, Danielle Skald and Gal Acrich.
The Gross Law firm team included: Partners Dr. Ayal Shenhav, Sharon Kadosh, Shay Fahima, Ella Tevet, Guy Gershon; Associates Orel Heskiau, Josef J. Sternthal, Evan Schendler, Maayan Pogozelits-Lasri and Shani Rosenfeld levy.
