Cellebrite acquires Digital Clues, strengthening its market-leading position as a provider of an end-to-end digital intelligence platform
PETAH TIKVAH, Israel, May 2 /PRNewswire/ -- With the addition of an open source intelligence solution to its DI offering, Cellebrite is strategically positioned to expand its law enforcement and investigative work
Cellebrite DI, Ltd. (NASDAQ: CLBT), a leading provider of digital intelligence (DI) solutions to the public and private sectors, today announced it has signed a definitive agreement to acquire the assets of open source intelligence company Digital Clues AG ("Digital Clues ") known. The acquisition strengthens Cellebrite's market-leading digital intelligence platform, solidifies the company's position as an end-to-end technology partner capable of digitizing the entire investigative workflow, and is expected to help expand the company's presence in to investigative and law enforcement agencies around the world.
Time is a critical factor when beginning an investigation. Information must be gathered as quickly as possible. Digital Clues' open-source intelligence solutions help law enforcement agencies act quickly even when there are no targets and few leads. They enable data to be collected and combined from many dynamic sources, including the surface web, the deep web, and the dark web.
Israel-based Digital Clues has a team of more than 20 people, characterized by a strong contingent of research and development specialists and a leadership team with decades of experience in intelligence, big data and security for government and business excellent. Digital Clues' technology is available both as a SaaS offering and as on-premise software. The company's solutions enable the collection of large amounts of data from various sources and use artificial intelligence to gain valuable insights into suspected individuals or organizations, while enriching other digital evidence with valuable information from open sources.
Yossi Carmil, CEO of Cellebrite, said: "We are pleased to announce this acquisition, which represents an important step in realizing our vision to build a leading end-to-end platform for digital investigations. Open- Source Intelligence capabilities provide law enforcement with critical tools to capture those crucial first hours of an investigation.The Digital Clues team has built an excellent reputation in this area and we look forward to welcoming them to the Cellebrite family To be called."
Yossi Ofek, CEO and Chairman of Digital Clues, has over 20 years of homeland security experience and will lead Cellebrite's Open Source Intelligence practice. He comments: "The demand for cloud-based and on-premises open-source intelligence solutions is driven by the increasing need for automated systems that help public safety agencies manage the information overload on the Internet. We share Cellebrite's commitment to accelerate the work of the judiciary and look forward to combining the capabilities of Digital Clues with Cellebrite's world-leading and most 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 (Nasdaq: CLBT) is dedicated to empowering its customers to protect and save lives, accelerate justice and protect privacy in communities around the world. Cellebrite is the world's leading provider of digital intelligence solutions for the public and private sectors. By consistently simplifying investigation processes, Cellebrite solutions help organizations to master the complexity of legally compliant digital investigations. Cellebrite's digital intelligence platform and solutions are trusted by thousands of leading government agencies and companies in more than 140 countries. Cellebrite transforms the way clients collect, review, analyze and manage data for compliant investigations. For more information, visit us at www.cellebrite.com and https://investors.cellebrite.com.
Caution Regarding Forward-Looking Statements
This document contains "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 can be identified by the use of words such as "anticipate", "intend", "aim" , "anticipate", "anticipate", "believe", "could", "continue", "expect", "estimate", "may", "plan", "outlook", "future" and "project" and others similar expressions that predict or indicate future events or trends, or that are not statements of historical fact. Such forward-looking statements contain estimated financial information. Such forward-looking statements regarding Cellebrite's sales, earnings, performance, strategies, prospects and other aspects of its business are based on current expectations that involve risks and uncertainties. A number of factors could cause actual outcomes or results to differ materially from those projected in such forward-looking statements. These factors include, but are not limited to: Cellebrite's ability to develop and successfully integrate technologically advanced solutions into the software solutions used by customers; customer acceptance of the solutions; Errors, failures, defects or bugs in the Solutions; failure to maintain sales and marketing personnel productivity or to hire, integrate and retain additional sales and marketing personnel; the impact of the global Covid-19 pandemic; the effect of competition on Cellebrite's pricing and market share; sub-optimal performance of products due to customer abuse; Cellebrite's failure to maintain and enhance its reputation and brand; inaccurate estimates of Cellebrite market opportunities and forecasts of market growth; changes in packaging and licensing models that adversely affect the ability to attract or retain customers; failure to effectively manage future growth; failure to introduce new solutions and add-ons; problems in the use of artificial intelligence that result in damage to reputation or liability; the need for additional capital to support Cellebrite's growth; a failure to maintain the operational security and integrity of software solutions; the impact of government budget cycles and approvals, terminations, audits, investigations, sanctions and penalties; a decline in government budgets, changes in spending or budgetary priorities, or delays in procurement; a failure to adequately obtain, maintain, protect and enforce Cellebrite's intellectual property or infringement of the intellectual property rights of others; Perceptions or judicial or regulatory decisions that Cellebrite's solutions violate privacy rights; the use of Solutions by customers in a way that is or is perceived to be incompatible with human rights; failure to comply with laws relating to privacy and security, technology security, sanctions, export controls and other matters; and other factors, risks and uncertainties discussed in the "Risk Factors" and "Caution Regarding Forward-Looking Statements" sections of the final proxy statement/prospectus filed with the SEC on August 5, 2021 and in others by Cellebrite with the SEC filings, which are available free of charge at www.sec.gov. We caution you not to place undue reliance on any forward-looking statements contained in this release or elsewhere, which speak only as of the date made. Except as required by securities and other applicable laws, Cellebrite undertakes no obligation to update any of its forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change.
Media ContactAdam JaffeVP of Global Communications+1 973 206 7643adam.jaffe@cellebrite.com - or -RapidResponse@cellebrite.com
Investor contact Anat Earon-HeilbornVP Investor Relations+972 73 394 8440investors@cellebrite.com
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