– More buyout details
– Long-term benefits to Sabanci
– The CIARA Risk Management Platform, offering a first of its kind simulated environment for multi-facility OT protection
– Radiflow’s recent growth through government and private infrastructure and facility projects across the US and Europe.
The acquisition will include an initial controlling stake in Radiflow with a phase 2 planned for Q1 2025. “We are confident that this transaction will enable Radiflow to continue its growth in the fast-growing OT Security market,” said Ilan Barda, CEO of Radiflow.
Radiflow, an Israeli OT cybersecurity startup, announced that it is being acquired in a two-phase process by Sabanci Group, market leaders in the financial services, energy, and industrial sectors. The initial phase entails a $45 million primary and secondary investment in several installments to reach a majority stake in Radiflow. In the second phase, Sabanci intends to acquire a 100% stake in Radiflow by 2025.
A recent increase in demand for comprehensive OT cybersecurity solutions has allowed for Radiflow to rapidly expand across the US and…
