Matrix acquires Israel’s Zebra Technologies
Matrix acquires Israel’s Zebra Technologies
Zebra is a value-added distributor that provides network and cybersecurity solutions
IT service management platform Matrix has acquired Israeli value-added distributor Zebra Technologies in a deal valuing the company at NIS 65 million (approximately $18.5 million). Matrix will acquire 70% of the company, which generates revenue of around $70 million a year. Zebra employs around 30 people and they will all join Matrix and continue to operate as an independent unit within the company.
Zebra was founded in 2008 by CEO Eli Vudinsky and distributes solutions in Israel from around 20 international brands, including: Juniper Networks, Trend Micro, Palo Alto Networks, Pulse Secure, Forcepoint, Imperva, RSA, Forescout, Gigamon, Tenable, Vasco, F5 and Cato.
Matrix employs around 11,000 people and has a market cap of NIS 4.6 billion (approximately $1.3 billion) on the Tel Aviv Stock Exchange.
