IAI to Acquire Two Cybersecurity Firms

Israel Aerospace Industries (IAI) is investing millions of dollars in two cybersecurity companies in Holland and Hungary, the company announced Thursday on the last day of the Cyber Week conference held in Tel-Aviv. The investments, which are carried out through the IAI’s Cyber Division, are meant to expand IAI’s cyber R&D and its global footprint in this field.

Of particular interest, the company said, was its acquisition in Holland. The company targeted there is Inpedio BV, a provider of cutting-edge cybersecurity solutions to governments and enterprises, according to IAI. Among the company’s products is a system to detect and stop exploitation attempts without a set of signatures, thus addressing the unknown and known vulnerabilities at the same time, as well as zero-day threats.

Most antivirus and cybersecurity systems require a “signature,” a code that indicates to the security system that an incoming piece of code or file is a threat that must be eliminated. The Inpedio system, called Zerox, is able to identify such threats without the prior information supplied by the signature, making it particularly useful in preventing ransomware attacks, IAI said. IAI did not reveal the terms of the acquisitions.