JERUSALEM, Feb. 12 (Xinhua) -- The Israeli cyber company Luminate Security announced on Tuesday that it is being acquired by the U.S. software giant Symantec.
The amount of the deal was not reported, but Israeli media said it was estimated at 250 million U.S. dollars.
Luminate Security, founded in December 2016, is located in the coastal city of Tel Aviv and in Palo Alto, San Francisco. It has developed a platform that allows secure access to enterprise applications.
This is the fourth acquisition of an Israeli company by Symantec since 2017, after Javelin Networks, Fireglass and Skycure were acquired for more than 600 million dollars in total.
Founded in 1982, Symantec is based in the city of Mountain View, California, and employs more than 11,000 people in 35 countries.