SuperCom Plans To Buy Israel-based Cyber Security Company Prevision

(RTTNews) - SuperCom Ltd. (SPCB) said it plans to acquire Israel-based cyber security company Prevision Ltd. as part of its strategy to offer complimentary security products and solutions to its growing customer base. The company expects the deal to contain an upfront cash payment and a potential earn out payments over five years, with the total aggregate payment capped at $2.5 million.

Herzliya, Israel-based Prevision specializes in protecting strategic assets for governments, militaries and large enterprises in various domains including Critical Infrastructure, Finance and Telecom, with an extensive customer portfolio in Israel, South America, Europe and Asia.

The closing of the proposed acquisition is expected within 60 days, pending successful due diligence and signing of definitive agreements.