IGP (Israel Growth Partners) Together With Its Major LPs Invest $110M in Cellebrite

- IGP's General Partners Haim Shani and Uri Erde will join
Cellebrite Board

- This transaction will support Cellebrite's leadership role
within the Digital Intelligence space for Law Enforcement, Government
and beyond, while accelerating its growth plan

Petah Tikva, Israel (ots/PRNewswire) - Cellebrite Mobile
Synchronization Ltd., the global leader in Digital Intelligence
solutions for Law Enforcement, Government and Enterprise markets,
announced today that IGP Capital signed a definitive agreement to
invest $110 million in the company.

Since 2015, Cellebrite has been moving beyond its core mobile
forensics offering and has redefined its strategy to make the company
the leading vendor and consolidation platform in the Digital
Intelligence space for Law Enforcement, Government, and Enterprise
investigations. The company has focused on expanding its offering
with analytics, advanced software tools and services to accelerate
investigations and help customers achieve operational readiness to
overcome the challenges in an ever-changing and complex digital data
environment.

"As we continue our growth journey in the Digital Intelligence
market, we identified the need to add a strategic partner that will
support our long-term vision and our commitment to our customers,"
commented Yossi Carmil, Global Co-CEO of Cellebrite. "We are pleased
to announce that after careful consideration through a rigorous
process we were able to successfully structure a long-term
partnership with IGP."

"IGP's strategic decision is the ultimate recognition of our
leadership position and validation of our vision and strategy in our
core markets," Carmil added. "This partnership will allow Cellebrite
to accelerate our growth strategy - both organically and through
acquisitions, creating significant value for our shareholders - Sun
Corporation, IGP Capital and the employees of Cellebrite. We are
confident that Cellebrite will benefit from IGP's vast experience in
the capital market, software analytics, M&As and the SAAS domain."

Haim Shani, IGP's Co-Founder and General Partner and Uri Erde,
General Partner at IGP will join Cellebrite's board of directors. "We
have identified the expansive opportunity that Cellebrite has in the
Digital Intelligence space," said Haim Shani. "We were impressed by
what Cellebrite's management and employees have been able to build -
a strong and committed global team, cutting edge technology, loyal
global customer base, and a powerful value proposition along with
commercial strength around the world."

"We believe that Cellebrite is well positioned to capitalize on
its leadership in the Digital Intelligence markets as they continue
to expand and transform. We at IGP are committed to bringing our
experience, financial resources, global presence and relationship in
order to help the company achieve its ambitious growth plans."

About Cellebrite

Cellebrite is committed to offering Digital Intelligence solutions
for a safer world. It is the undisputed global leader in the emerging
market of software solutions, AI and analytic tools that allow Law
Enforcement agencies, Government and Enterprises to accelerate
criminal investigations and address the challenges of crime and
security in a digital world. The company's solutions are used by more
than 6,000 agencies, in over 150 countries.

About IGP Capital

IGP is an investment fund focused on Israeli-related technology
companies, seeking to partner with established growth companies that
have strong product differentiation, a proven business strategy at
scale, a technological advantage and top-tier management teams with a
passion to build large independent companies and category leadership.
IGP team is made of former technology executives and seasoned
investors. The team core strength is the value-added guidance they
provide. For more information - www.igpcapital.com

ots Originaltext: Cellebrite GmbH
Im Internet recherchierbar: http://www.presseportal.de

Original-Content von: Cellebrite GmbH, übermittelt durch news aktuell