Israeli Startup Bisec Acquired By CyberProof, a UST Global Company
January 11, 2018 | Israeli startup Bisec has been acquired by CyberProof, a cybersecurity company under IT services and solutions provider UST Global for $5.8 million, according to a statement from both firms. Bisec’s technology will integrate into CyberProof’s platform and Yair Bar-Touv and Eran Alshech, co-founders and current CEOs of Bisec will join CyberProof as VP of Business Development and CTO. CyberProof’s R&D center is located in Tel Aviv’s Azrieli Towers, after being established only a few months ago. The company provides services and cybersecurity solutions based on machine learning and artificial intelligence technologies. The Holon-based company Bisec has developed a platform to help security teams share, collaborate and automate tasks and incident response by using ChatOps Platforms. It was founded in early 2016.