UST Global and Nasdaq are exiting the cybersecurity software developer in an acquisition by Aldi owner Schwartz Group.

Retail group Schwarz Group is purchasing Israel-based cybersecurity technology provider XM Cyber in a deal sized at $700m according to Globes, allowing stock exchange operator Nasdaq and IT services provider UST Global to exit. Founded in 2016, XM has developed an automated software platform that helps organisations to head off cyberattacks and proactively stop them…

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