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|Allot Expands Security Offering with Acquisition of Netonomy|
|Posted: Tue Jan 16, 2018 09:17:15 AM|
Hod Hasharon, Israel – January 16, 2018 – Allot Communications Ltd. (NASDAQ: ALLT, TASE: ALLT), a provider of leading innovative network intelligence and security solutions for service providers worldwide, announced today that it has signed a definitive agreement to acquire Netonomy Ltd., a developer of software-based cyber security for the connected home, with closing anticipated to occur in a very short period.
The acquisition is in line with Allot’s strategy of providing Communications Service Providers (CSPs) with comprehensive security solutions for their customers. As the adoption of IoT and connected devices at home continues to grow rapidly, it is becoming increasingly difficult to manage and prevent security breaches on these devices. Netonomy’s technology integrates a unique software component onto existing routers, enabling device management as well as a variety of protective security functionality on those devices.
Allot’s leading mobile protection solutions are already deployed widely by CSPs to protect their mobile customers. Leveraging Netonomy’s technology in concert with Allot’s solutions will provide CSPs the ability to offer comprehensive and seamless security to the consumer anywhere, anytime.
“Allot continues to invest in leading network-based security capabilities to empower CSPs to offer value added security services to consumers and businesses.” Said Erez Antebi, President and CEO at Allot. “This acquisition complements our developments in Security by adding advanced home router protection capabilities, which are critical in the IoT Security value chain.”
The consideration to be paid will not have a material impact on Allot’s financial situation.