{"id":42615,"date":"2021-11-23T15:40:35","date_gmt":"2021-11-23T15:40:35","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=7ad753f899851af21ca7f3580eed264f"},"modified":"2021-11-23T15:40:35","modified_gmt":"2021-11-23T15:40:35","slug":"retail-giant-schwarz-group-snaps-up-israeli-cyber-security-startup-xm-cyber","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/retail-giant-schwarz-group-snaps-up-israeli-cyber-security-startup-xm-cyber\/","title":{"rendered":"Retail giant Schwarz Group snaps up Israeli cyber security startup XM Cyber"},"content":{"rendered":"


\n Daniel Todd<\/a><\/span>
\n <\/span><\/p>\n

\n
\n
23 Nov, 2021<\/span><\/div>\n<\/p><\/div>\n<\/div>\n

\n<\/a><\/p>\n

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Schwarz Group has announced the acquisition of a majority stake in Israeli cloud cyber security startup XM Cyber for a reported $700 million, as the EU retail giant looks to grow its digital business.<\/p>\n

Headquartered in Tel Aviv, XM Cyber specialises in proactive prevention of cyber-attacks using the attacker\u2019s perspective. By discovering critical attack paths across on-premises and multi-cloud networks, the firm\u2019s solutions aim to help organisations close security gaps before systems are compromised.<\/p>\n

Christian M\u00fcller<\/span>, chief information officer of Schwarz Group, said the addition of XM Cyber adds a \u201cdeep technical understanding and innovation\u201d that will compliment Schwarz\u2019 existing portfolio for advanced cybersecurity services.<\/p>\n

\u201cFinding and closing security gaps from an attacker\u2019s perspective is a disruptive approach to the way organisations can proactively protect their networks,\u201d he said. \u201cXM Cyber’s solution builds on our strong IT security to further protect our customers, partners, and ourselves as a company.\u201c<\/p>\n

Headquartered in Germany, Schwarz Group has become one of the world\u2019s largest retailers, known particularly for its ownership of EU staples such as Lidl<\/a> and Kaufland<\/span> supermarkets.<\/p>\n

The group said XM Cyber\u2019s comprehensive knowledge in securing complex hybrid cloud networks was a driving factor behind the acquisition, with the startup set to boost the groups expanding digital venture.<\/p>\n

Upon completion of the acquisition, XM Cyber will continue to operate independently with its current branding, full suite of products, and support structure, it added.<\/p>\n

Noam Erez<\/span>, co-founder and CEO of XM Cyber, says the move will provide its business with \u201cimmense potential\u201d to further expand and develop its business model.<\/p>\n

\u201cWe are thrilled to become part of the Schwarz Group,\u201d he said. \u201cWith the backing and international footprint of the largest European retailer, we can accelerate innovation and growth and further strengthen our position in the global cybersecurity market.\u201d <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Daniel Todd<\/p>\n

23 Nov, 2021 <\/p>\n

Schwarz Group has announced the acquisition of a majority stake in Israeli cloud cyber security startup XM Cyber for a reported $700 million, as the EU retail giant looks to grow its digital busi…<\/p>\n","protected":false},"author":520,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-42615","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/42615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/520"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=42615"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/42615\/revisions"}],"predecessor-version":[{"id":42616,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/42615\/revisions\/42616"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=42615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=42615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=42615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}