from the December 2009 issue

UK company M86 buys Finjan

British company M86 Security has announced that it is buying the Israeli network security company Finjan. Financial details were not disclosed, but it would appear that, at least initially, no cash will change hands, and the acquisition will be for a stake in the merged company. Industry sources estimate Finjan's value in the deal at $30-40 million.

Finjan is a veteran company on the Israeli start-up scene, insofar as it is possible to call a thirteen-year-old company a start up. It has developed software for protection against viruses and security problems on the Internet. It was founded in 1996, but changed its business model several years ago to activity in the enterprise sector. Finjan's solution, which acts as a virtual gateway to content from the Web, carries out real-time checks on content that the user accesses on the Internet. The company's solutions are mainly directed at viruses, malware, and spyware.

Reprinted from the Israel High-Tech & Investment Report December 2009

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