U.S. Cybersecurity Firm Symantec Acquires Fourth Israeli Startup in Two Years

Anti-virus giant acquires Israel's Luminate Security in effort to boost its products for cloud; financial details of deal have yet to be disclosed

FILE PHOTO: The Symantec booth is seen during the 2016 Black Hat cyber-security conference in Las Vegas, Nevada,United States, August 3, 2016.
\ David Becker/ REUTERS

Cybersecurity firm Symantec Corp said on Tuesday it acquired Israel’s Luminate Security in an effort to boost its security systems for cloud computing.

Financial details of the deal were not disclosed.

Luminate, founded in 2017, says its technology can securely connect users from any device, anywhere in the world, to corporate applications on-premises and in the cloud.

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“Luminate incorporated into Symantec’s Integrated Cyber Defense puts us at the forefront of security in the cloud era,” said Symantec CEO Greg Clark.

Based in Tel Aviv, Luminate has so far raised $14 million.

In 2017, Symantec acquired two Israeli cybersecurity firms in one week. It acquired, Fireglass, which specializes in browser isolation, for an estimated $250 million. It also acquired SkyCure, which specializes in protection of mobile devices, for another reported $250 million.

In November, it also acquired cybersecurity startup Javelin Networks, which contains attackers after they penetrate directories but before they can disrupt or utilize it.

Symantec is considered a world leader in the field of information security and is known as one of the largest anti-virus product suppliers in the world in both the corporate and consumer market.