Israeli spyware maker Paragon bought by U.S. private equity giant

Quick Summary:

Forbes reported in 2021 that Paragon offered services to hack phones that allowed access to apps on a target’s phone, such as WhatsApp, Signal, Facebook Messenger, and Gmail.

Israeli spyware maker Paragon bought by U.S.

Globes reported that the upfront payment is $450 million, 20% of which will go to Paragon’s 400 employees, and 30% to the five co-founders, with the remaining 50% going to U.S.venture capital fund Battery Ventures and Israeli venture capital fund Red Dot.

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Article Details

Author / Journalist: Lorenzo Franceschi-Bicchierai

Category: Technology

Markets: United StatesFranceIsrael

Topics: AE Industrial Francisco Partners Security NSO Cybersecurity Spyware Surveillance Paragon NSO Group

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 16:49:21 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 655 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24446228

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