Cellebrite to Acquire Digital Clues, Strengthening Its Market Leading Position as the End-To-End Investigative Digital Intelligence Platform Provider
PR92216
PETAH TIKVAH, Israel, Oct. 11, 2021 /PRNewswire=KYODO JBN/--
-- Adding an open-source intelligence solution to its DI offering strategically
positions Cellebrite to expand its work within law enforcement intelligence and
investigation efforts
Cellebrite (
) (Nasdaq: CLBT), a leader in Digital Intelligence (DI) solutions for the
public and private sectors, today announced it has signed a definitive
agreement to acquire the assets of open-source intelligence firm Digital Clues
AG ("Digital Clues"). The acquisition strengthens Cellebrite's market-leading
Digital Intelligence platform, reinforces our position as the end-to-end
technology partner capable of digitizing the entire investigative workflow, and
is expected to aid in growing the company's footprint within law enforcement
intelligence and investigation units across the globe.
The start of an investigation is time-sensitive, and information must be
gathered as quickly as possible. Digital Clues' open-source intelligence
solutions kickstart law enforcement intelligence and investigation efforts when
there are no targets and very few clues, helping customers collect and connect
data from many dynamic sources including the surface web, deep web, and dark
web.
Israel-based Digital Clues has a team of more than 20-persons, boasting a
strong contingent of Research & Development specialists and a leadership team
with decades of experience across intelligence, big data, and security for
public safety agencies and enterprises. Digital Clues technology is available
both as a SaaS offering and as on-premise software. Their solutions enable the
collection of large amounts of data from various sources, leveraging artificial
intelligence to draw valuable insights on suspected persons or entities, while
enriching other digital evidence with valuable information from open sources.
Photo - https://mma.prnewswire.com/media/1656528/CELLBRITE_DIGITAL_CLUES.jpg
Logo - https://mma.prnewswire.com/media/1193846/Cellebrite_Logo.jpg
Yossi Carmil, Cellebrite CEO, said, "we are pleased to announce this
acquisition, an important step in executing against our vision of building a
leading end-to-end investigative Digital Intelligence platform. Open-source
intelligence capabilities provide law enforcement agencies with critical tools
to capitalize on those crucial early hours of an investigation. The team at
Digital Clues has built up a strong reputation in this space and we look
forward to welcoming them into the Cellebrite family."
Yossi Ofek, CEO & Chairman of Digital Clues, brings over 20 years of experience
in homeland security and will lead the open-source intelligence business
efforts at Cellebrite. He comments: "The demand for cloud-based and on-premises
open-source intelligence solutions is driven by the increasing need for
automated systems to help public safety agencies sift through the tidal wave of
information hosted on the web. We share Cellebrite's commitment to accelerate
justice and are excited about combining Digital Clues' capabilities with
Cellebrite's world-leading and comprehensive Digital Intelligence platform."
The acquisition is expected to close in the fourth quarter of 2021 and is
subject to customary closing conditions.
About Cellebrite
Cellebrite's (Nasdaq: CLBT) mission is to enable its customers to protect and
save lives, accelerate justice, and preserve privacy in communities around the
world. Cellebrite is the global leader in Digital Intelligence solutions for
the public and private sectors, empowering organizations to master the
complexities of legally sanctioned digital investigations by streamlining
intelligence processes. Trusted by thousands of leading agencies and companies
in more than 140 countries, Cellebrite's Digital Intelligence platform and
solutions transform how customers collect, review, analyze and manage data in
legally sanctioned investigations. To learn more visit us at www.cellebrite.com
and https://investors.cellebrite.com.
Caution Regarding Forward Looking Statements
This document includes "forward looking statements" within the meaning of the
"safe harbor" provisions of the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements may be identified by the use of
words such as "forecast," "intend," "seek," "target," "anticipate," "believe,"
"could," "continue," "expect," "estimate," "may," "plan," "outlook," "future"
and "project" and other similar expressions that predict, project or indicate
future events or trends or that are not statements of historical matters. Such
forward looking statements include estimated financial information. Such
forward looking statements with respect to revenues, earnings, performance,
strategies, prospects and other aspects of the business of Cellebrite are based
on current expectations that are subject to risks and uncertainties. A number
of factors could cause actual results or outcomes to differ materially from
those indicated by such forward looking statements. These factors include, but
are not limited to: Cellebrite's ability to develop technologically advanced
solutions and successfully integrate with the software solutions used by
customers; acceptance of solutions by customers; errors, failures, defects or
bugs in solutions; a failure to maintain sales and marketing personnel
productivity or hire, integrate and retain additional sales and marketing
personnel; the impact of the global COVID-19 pandemic; the impact of
competition on pricing and on Cellebrite's market share; sub-optimal results
from products due to misuse by customers; Cellebrite's failure to maintain and
enhance its reputation and brand; inaccuracy of the estimates of Cellebrite's
market opportunity and forecasts of market growth; changes to packaging and
licensing models that adversely affect the ability to attract or retain
customers; failure to manage future growth effectively; failure to introduce
new solutions and add-ons; issues in the use of artificial intelligence
resulting in reputational harm or liability; the need for additional capital to
support the growth of Cellebrite's business; a failure to maintain the security
of operations and the integrity of software solutions; the impact of government
budgeting cycles and appropriations, early termination, audits, investigations,
sanctions and penalties; a decline in government budgets, changes in spending
or budgetary priorities, or delays in contract awards; a failure to adequately
obtain, maintain, protect and enforce Cellebrite's intellectual property or
infringement of the intellectual property rights of others; perceptions or
court or regulatory decisions that Cellebrite's solutions violate privacy
rights; the use of solutions by customers in a way that is, or that is
perceived to be, incompatible with human rights; failure to comply with laws
regarding privacy, data protection and security, technology protection,
sanctions, export controls and other matters; and other factors, risks and
uncertainties set forth in the sections titled "Risk Factors" and "Cautionary
Note Regarding Forward-Looking Statements" in the final proxy
statement/prospectus relating to Cellebrite's consummated business combination
filed with the SEC on August 5, 2021 and in other documents filed by Cellebrite
with the SEC, which are available free of charge at www.sec.gov. You are
cautioned not to place undue reliance upon any forward-looking statements,
which speak only as of the date made, in this communication or elsewhere.
Cellebrite undertakes no obligation to update its forward-looking statements,
whether as a result of new information, future developments or otherwise,
should circumstances change, except as otherwise required by securities and
other applicable laws.
Media Contacts:
Adam Jaffe
VP of Global Communications
+1-973-206-7643
adam.jaffe@cellebrite.com ; or
RapidResponse@cellebrite.com
Investors:
Anat Earon-Heilborn
VP Investor Relations
+972-73-394-8440
investors@cellebrite.com
SOURCE: Cellebrite
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