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U.S. giant EPAM acquires Israeli cybersecurity startup White-Hat

U.S. giant EPAM acquires Israeli cybersecurity startup White-Hat

The sum of the deal wasn't announced, but is believed to be in the tens of millions of dollars and to include both cash and shares

Meir Orbach | 22:15  04.05.2021
American company EPAM Systems is acquiring Israeli cybersecurity startup White-Hat. The sum of the deal wasn't announced, but is believed to be in the tens of millions of dollars and to include both cash and shares. EPAM, which is traded on the New York Stock Exchange and has a market cap of $25 billion, is a leading global provider of digital platform engineering and development services. White-Hat, which provides a customized, proactive cyber defense to deter would be attackers and reduce breach access, was founded by Sharon Nimirovski in 2013 and he remains its sole shareholder. Ofer Levinger is the CEO of the company, which will continue to operate from Israel.
Hacker. Photo: Shutterstock Hacker. Photo: Shutterstock Hacker. Photo: Shutterstock

“Adding their expertise, methodologies, and team of talented professionals will help our clients design cybersecurity into their applications—at agile speed and cloud scale—while advancing towards Zero Trust Architecture," said Sam Rehman, Chief Information Security Officer and Head of Cybersecurity, EPAM Systems. "As organizations modernize their architectures and applications, their devices, users, applications, and networks become potential breach points, making it imperative to secure infrastructure and protect sensitive data. We've increased our cybersecurity investments, because security should be as pervasive as the cloud."

Taking an 'offense as a form of defense' approach, White-Hat handles some of the most sophisticated attacks in the world for governmental, banking, insurance, aerospace and energy organizations. Their research-based incident response toolsets and methodologies aim to bring an organization to a full understanding of what happened and how to contain, eradicate and recover—leaving them prepared to respond to the next attack.

According to CEO Levinger: "We are ready to combine our cybersecurity know-how and bring new, innovative solutions to market. Our expertise in Incident Response and Threat Hunting will allow us to rapidly enhance EPAM's Offensive Security approaches to address the needs of the modern digital enterprise."

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