News – UK – Israeli billionaire Teddy Sagi to buy $ 149 million web publisher

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The cybersecurity company controlled by Israeli billionaire Teddy Sagi has a takeover of the online publisher Webselenese worth nearly 150 million USD (108 million GBP) carried out

Goal Oriented Kape has closed a cash and shares deal for Tel Aviv-based Webselenese that earns 8 points for 5 million monthly readers on the digital security review sites

The move will make Kape one of the largest audiences in its field and support efforts to become the market leader in security software

CEO Ido Erlichman said the deal put him in control of one of the “most respected” companies in his industry

He said, “By combining this deep level of customer expertise with our rapidly growing product footprint, we believe the acquisition will be a force multiplier for Kape in our product development and customer reach”

Kape plans to keep Webselenese as a separate division after the platform owners Uma Capital and Ani Ariel for around 149 million USD were bought

Webselenese employs 29 people who test the latest security and privacy products before recommending them to users in more than 30 languages ​​

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LON: KAPE, Kape Technologies, Teddy Sagi, Israel, Stock

News – UK – Israeli billionaire Teddy Sagi buys web publisher worth 149 million USD
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Source: https://www.telegraph.co.uk/business/2021/03/08/israeli-billionaire-teddy-sagi-buys-web-publisher-149m-takeover/