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 by finding attack paths and closing them off before they compromise IT infrastructure.

The company will continue to operate independently following the acquisition and will…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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