- IGP's General Partners Haim Shani and Uri Erde will join Cellebrite Board 

- This transaction will support Cellebrite's leadership role within the Digital 
Intelligence space for Law Enforcement, Government and beyond, while 
accelerating its growth plan

Cellebrite Mobile Synchronization Ltd., the global leader in Digital 
Intelligence solutions for Law Enforcement, Government and Enterprise markets, 
announced today that IGP Capital signed a definitive agreement to invest $110 
million in the company.

Since 2015, Cellebrite has been moving beyond its core mobile forensics 
offering and has redefined its strategy to make the company the leading vendor 
and consolidation platform in the Digital Intelligence space for Law 
Enforcement, Government, and Enterprise investigations. The company has focused 
on expanding its offering with analytics, advanced software tools and services 
to accelerate investigations and help customers achieve operational readiness 
to overcome the challenges in an ever-changing and complex digital data 
environment. 

"As we continue our growth journey in the Digital Intelligence market, we 
identified the need to add a strategic partner that will support our long-term 
vision and our commitment to our customers," commented Yossi Carmil, Global 
Co-CEO of Cellebrite. "We are pleased to announce that after careful 
consideration through a rigorous process we were able to successfully structure 
a long-term partnership with IGP."

"IGP's strategic decision is the ultimate recognition of our leadership 
position and validation of our vision and strategy in our core markets," Carmil 
added. "This partnership will allow Cellebrite to accelerate our growth 
strategy – both organically and through acquisitions, creating significant 
value for our shareholders – Sun Corporation, IGP Capital and the employees of 
Cellebrite. We are confident that Cellebrite will benefit from IGP's vast 
experience in the capital market, software analytics, M&As and the SAAS domain."

Haim Shani, IGP's Co–Founder and General Partner and Uri Erde, General Partner 
at IGP will join Cellebrite's board of directors. "We have identified the 
expansive opportunity that Cellebrite has in the Digital Intelligence space," 
said Haim Shani. "We were impressed by what Cellebrite's management and 
employees have been able to build - a strong and committed global team, cutting 
edge technology, loyal global customer base, and a powerful value proposition 
along with commercial strength around the world."

"We believe that Cellebrite is well positioned to capitalize on its leadership 
in the Digital Intelligence markets as they continue to expand and transform. 
We at IGP are committed to bringing our experience, financial resources, global 
presence and relationship in order to help the company achieve its ambitious 
growth plans."

About Cellebrite

Cellebrite is committed to offering Digital Intelligence solutions for a safer 
world. It is the undisputed global leader in the emerging market of software 
solutions, AI and analytic tools that allow Law Enforcement agencies, 
Government and Enterprises to accelerate criminal investigations and address 
the challenges of crime and security in a digital world. The company's 
solutions are used by more than 6,000 agencies, in over 150 countries.

About IGP Capital

IGP is an investment fund focused on Israeli-related technology companies, 
seeking to partner with established growth companies that have strong product 
differentiation, a proven business strategy at scale, a technological advantage 
and top-tier management teams with a passion to build large independent 
companies and category leadership. IGP team is made of former technology 
executives and seasoned investors. The team core strength is the value-added 
guidance they provide. For more information - www.igpcapital.com

SOURCE: Cellebrite