Cybersecurity company acquired for $600 million

A cybersecurity company is being sold for $600,000,000 to an American firm. This marks the second acquisition in five years, with the previous sale occurring for $700,000,000 to a German company. The acquisition involves only intellectual property, while clients and revenue will remain with the original company. Reports indicate that dozens of marketing and sales employees have been laid off due to the transition.

Reported by Globes Tech.