Exit Options for John Hancock Bond and Corporate Finance Group: Hanover Communications In... - 28 Strategic Investors

View x

Huawei in talks to buy Israeli cyber company HexaTier

Chinese smartphone maker Huawei is negotiating the acquisition of Israeli start-up HexaTier, whose technology secures databases in the cloud, industry sources in the two countries said on Tuesday. The deal was expected to go through soon, according to sources quoted in media reports. Huawei will use HexaTier to set up a research and development center in Israel for databases in the cloud, according to the Israeli industry source. The negotiations follow a visit by Huawei Chief Executive Officer Ren Zhengfei to Israel several weeks ago. Officials at HexaTier and Huawei declined to comment. HexaTier, which has 40 employees, has raised $14.5 million from Israeli venture capital funds JVP, Magma and Rhodium. While its focus in the last year has been on securing information on databases in the cloud, HexaTier also protects databases on premises.

Tags:

M&A,HexaTier,Huawei,Mergers & Acquisitions,Database Security,software & services,cloud computing