Claridge Israel has purchased a minority stake in Cyberbit, a hitherto wholly-owned subsidiary of defence contractor Elbit Systems.
Israel-based defence electronics contractor Elbit Systems has sold a minority share of its cybersecurity subsidiary Cyberbit to Claridge Israel for $30m, according to Reuters.
Claridge Israel is a partnership between Canada state-backed pension fund Caisse de dépôt et placement du Québec (CDPQ) and Claridge, the family office for Stephen Bronfman, whose fortune came from the Seagram drinks business.
Cyberbit has developed a platform that offers endpoint attack detection, system-on-a-chip automation, industrial control network protection and cybersecurity training and simulation.
The…
