Diginex buys Israeli cybersecurity co Findings for $305m

UK compliance solutions company Diginex (Nasdaq: DGNX) has announced that it has signed a memorandum of understanding to acquire Israeli cybersecurity company Findings for $305 million. Findings is a small Tel Aviv-based firm with 30 employees, which has raised just $15 million.

Findings has developed a platform that scans supplier systems in organizations with long supply chains and can quickly diagnose problems in areas of compliance, with various regulations and laws in the field of cybersecurity and sustainability. The company’s executives say that the system is able to shorten the process of managing supply chain risks in large enterprises from several weeks, as is currently performed manually, to just 20 minutes. The platform is sold to information security managers (CISOs) in companies that are required to comply with certain regulations and rules, such as defense companies, government agencies, banks and industrial corporations, to check whether they or their suppliers are in compliance and receive recommendations for required changes.

Unlike many supply chain risk management companies, Findings has developed a platform that acts as a digital marketplace for many applications in a way that eliminates the need for vetting for many customers. Once a particular application or company is regularly scanned by its system, new partners can quickly connect to it. Findings has established many networks of such suppliers on its platform in various content areas, such as security, aviation, government, critical infrastructure and finance, and can thus quickly recruit additional customers by verticals.

15% of the acquisition amount, about $45.7 million, will be paid to shareholders in cash, and the rest, about $260 million, will be transferred to them in Diginex shares. The large sum will be divided between the company’s two founders – Kobi Freedman and Jonatan Perry, who hold over 50% of the company’s shares, the 30 employees and managers who hold options and shares worth about 10% of the total shares in the company, and the rest will be transferred mostly to the company’s main investor, an Israeli-Japanese venture capital fund called Magenta Venture Partners, which raised most of the capital in Japan from investors such as the giant Mitsui Corporation. Magenta led the company’s $5 million seed round in 2022. Magenta was founded by Giza Fund veteran Ori Israely and Ran Levitzky, together with two Japanese partners, and has raised about $300 million to date. It initially invested in auto-tech investments – in companies such as Valens and Autotalks, and later in companies in cybersecurity, AI and software.

Findings was founded in 2019 in Modi’in and was initially called IDDRA. The company, which then moved to Itzhak Sadeh Street in Tel Aviv, produces millions of dollars in revenue and is estimated to have surpassed $10 million in annual recurring revenue (ARR) from government agencies, critical infrastructure, national security, finance, manufacturing, and the chip manufacturing sectors. One of the company’s founders and CEO is Kobi Friedman, a serial entrepreneur who previously founded Comilion, which raised capital from Shlomo Kramer and Mickey Bodai, which he sold to Dell-EMC, and later sold Consienta to Yael Software. In addition to his role at the company, he serves as a member of the New York State Department of Finances Financial Innovation Advisory Board. The other founder at Findings, Jonatan Perry, has served in several senior positions at fintech companies since 2011.

Published by Globes, Israel business news – en.globes.co.il – on August 13, 2025.

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