SQLink Group acquiring ZIGIT for $2.4 million

SQLink Group announced Monday that it has acquired Israeli company ZIGIT for NIS 8 million (about $2.4 million). ZIGIT specializes in the design, development and management of large applications for web and mobile. The company, which was established in 2016 and employs about 30 people, will relocate to the SQLink Group's offices in Ramat Gan.

According to Amit Meller, founder and CEO of ZIGIT: "The connection with SQLink will allow us to expand the range of solutions for the digital world, where ZIGIT specializes, thus, it will give our customers complete and comprehensive solutions that generate higher business value at lower costs."

SQLink Group, which owns ten high-tech companies from around the world including SQLink, the largest private software company in Israel, was founded by Tamir Goren, who currently serves as Chairman of the Board, and is managed by CEO Gilad Rabinovich. The company operates in the sectors of software development, information security, automation testing, big data, and infrastructure, among others. It employs about 2,500 people from all areas of IT and development.

About a month ago, SQLink announced theacquisition of Israeli company Genius Data Science, which specializes in artificial intelligence and performance research for NIS 7 million (about $2.1 million). The company was founded in 1988 by co-CEOs, Hezi Heber and Jacky Lipskier, and employs 10 people. It is an IBM business partner and its portfolio includes customers from a wide range of sectors, including: Banking and Finance, Industry, Security, Academy, gaming and more.