Israeli cyber firm Findings acquired by Diginex in $305 million deal

Findings, an Israeli cybersecurity company specializing in automated supply chain risk monitoring, is being sold for about $305 million to U.S.-based Diginex, which is traded on the Nasdaq with a market value of approximately $1.1 billion.

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Findings (officially named IDRRA) was founded by Kobi Freedman (CEO) and Jonathan Perry (CTO). Freedman previously founded Comilion, whose technology was sold to Dell in 2017. To date, Findings has raised $15 million, including funding from Magenta Venture Partners.

Under a non-binding memorandum of understanding announced Tuesday, Diginex will purchase 100% of Findings’ equity. The consideration will comprise $270 million in Diginex shares and up to $35 million in cash. Of the cash portion, $20 million is contingent on Findings meeting certain performance targets.

The acquisition is designed to integrate Findings’ expertise in vendor risk management, real-time cloud audits, and secure data sharing into Diginex’s existing suite of compliance and sustainability products.

Miles Pelham, Diginex’s chairman, said the tie-up would enhance the company’s capabilities in monitoring supply chain risk, an area where ESG concerns and cybersecurity threats increasingly overlap. “Findings’ cutting-edge solutions perfectly complement our sustainability-focused technology stack,” Pelham said.

Kobi Freedman, CEO of Findings, said joining Diginex would allow his company to extend its automated compliance and cybersecurity services to more clients worldwide. “This transaction will enable us to provide customers in regulated sectors with technology to support the growing oversight requirements of their supply chain partners,” he said.

The planned acquisition comes amid heightened scrutiny of supply chain resilience and regulatory compliance in both sustainability and cybersecurity. Global frameworks such as the EU’s Digital Operational Resilience Act (DORA) and the NIS2 directive, alongside corporate ESG obligations, are creating overlapping demands for technology that can manage both environmental reporting and digital security risks.

enhance the company’s capabilities in monitoring supply chain risk, an area where ESG concerns and cybersecurity threats increasingly overlap. “Findings’ cutting-edge solutions perfectly complement our sustainability-focused technology stack,” Pelham said.

Kobi Freedman, CEO of Findings, said joining Diginex would allow his company to extend its automated compliance and cybersecurity services to more clients worldwide. “This transaction will enable us to provide customers in regulated sectors with technology to support the growing oversight requirements of their supply chain partners,” he said.

The planned acquisition comes amid heightened scrutiny of supply chain resilience and regulatory compliance in both sustainability and cybersecurity. Global frameworks such as the EU’s Digital Operational Resilience Act (DORA) and the NIS2 directive, alongside corporate ESG obligations, are creating overlapping demands for technology that can manage both environmental reporting and digital security risks.