Israeli company PerimeterX, a developer of cybersecurity solutions for websites and mobile applications, has announced the acquisition of PageSeal, another Israeli company that specializes in client-side protection. Financial terms of the acquisition were not disclosed.
PerimeterX was founded in 2014 by its CEO Omri Iluz, CTO Ido Safruti, and CFO Ophir Ashkenazi. In February this year, the company completed a $43 million funding round led by Scale Venture Partners, bringing its total raised to $80 million, according to Globes.
“From day one, our vision has been to empower customers to grow their digital businesses, whether that means defending their websites from automated attacks, protecting their brand reputation, or helping them increase conversions,” said CEO Omri Iluz.
“We are thrilled to further this vision with the addition of the PageSeal team and its technology to our expanding portfolio of solutions. This expansion helps e-commerce customers unleash the power of web applications to build their business,” he added.
PageSeal was founded in 2016 by Samuel Botushansky and Nir Levi. In late 2017, Ken Zwiebel was brought in as CEO. The company develops protection against malicious code on the client side. It enables Internet sites, mainly e-commerce sites, to offer protection to their customers.
The PageSeal team, including the founders, has been integrated into PerimeterX, and Zwiebel has been appointed General Manager at PerimeterX.
“I’m excited to join forces with PerimeterX to help even more e-commerce customers fight against client-side malware and extensions,” said Zwiebel. “The combination of PerimeterX and PageSeal delivers an integrated offering of bot mitigation, security, and client-side protection that allows customers to focus on growing their online business.”
PageSeal’s technology is the basis of a new product announced by PerimeterX at the same time as the acquisition. PerimeterX Page Defender is a client-side malware protection solution that blocks unwanted ads and scripts from redirecting web visitors so they can complete their intended path, resulting in more revenue for e-commerce sites, the company said.