IGP (Israel Growth Partners) Together With Its Major LPs Invest $110M in Cellebrite

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PETAH TIKVA, Israel, June 18, 2019 /PRNewswire=KYODO JBN/ --

- IGP's General Partners Haim Shani and Uri Erde will join Cellebrite Board

- This transaction will support Cellebrite's leadership role within the Digital

Intelligence space for Law Enforcement, Government and beyond, while

accelerating its growth plan

Cellebrite Mobile Synchronization Ltd., the global leader in Digital

Intelligence solutions for Law Enforcement, Government and Enterprise markets,

announced today that IGP Capital signed a definitive agreement to invest $110

million in the company.

Since 2015, Cellebrite has been moving beyond its core mobile forensics

offering and has redefined its strategy to make the company the leading vendor

and consolidation platform in the Digital Intelligence space for Law

Enforcement, Government, and Enterprise investigations. The company has focused

on expanding its offering with analytics, advanced software tools and services

to accelerate investigations and help customers achieve operational readiness

to overcome the challenges in an ever-changing and complex digital data

environment.

"As we continue our growth journey in the Digital Intelligence market, we

identified the need to add a strategic partner that will support our long-term

vision and our commitment to our customers," commented Yossi Carmil, Global

Co-CEO of Cellebrite. "We are pleased to announce that after careful

consideration through a rigorous process we were able to successfully structure

a long-term partnership with IGP."

"IGP's strategic decision is the ultimate recognition of our leadership

position and validation of our vision and strategy in our core markets," Carmil

added. "This partnership will allow Cellebrite to accelerate our growth

strategy – both organically and through acquisitions, creating significant

value for our shareholders – Sun Corporation, IGP Capital and the employees of

Cellebrite. We are confident that Cellebrite will benefit from IGP's vast

experience in the capital market, software analytics, M&As and the SAAS domain."

Haim Shani, IGP's Co–Founder and General Partner and Uri Erde, General Partner

at IGP will join Cellebrite's board of directors. "We have identified the

expansive opportunity that Cellebrite has in the Digital Intelligence space,"

said Haim Shani. "We were impressed by what Cellebrite's management and

employees have been able to build - a strong and committed global team, cutting

edge technology, loyal global customer base, and a powerful value proposition

along with commercial strength around the world."

"We believe that Cellebrite is well positioned to capitalize on its leadership

in the Digital Intelligence markets as they continue to expand and transform.

We at IGP are committed to bringing our experience, financial resources, global

presence and relationship in order to help the company achieve its ambitious

growth plans."

About Cellebrite

Cellebrite is committed to offering Digital Intelligence solutions for a safer

world. It is the undisputed global leader in the emerging market of software

solutions, AI and analytic tools that allow Law Enforcement agencies,

Government and Enterprises to accelerate criminal investigations and address

the challenges of crime and security in a digital world. The company's

solutions are used by more than 6,000 agencies, in over 150 countries.

About IGP Capital

IGP is an investment fund focused on Israeli-related technology companies,

seeking to partner with established growth companies that have strong product

differentiation, a proven business strategy at scale, a technological advantage

and top-tier management teams with a passion to build large independent

companies and category leadership. IGP team is made of former technology

executives and seasoned investors. The team core strength is the value-added

guidance they provide. For more information - www.igpcapital.com

SOURCE: Cellebrite