SuperCom Plans Acquisition Of Israel-based Cyber Security Company

SuperCom Ltd is planning to acquire Israel-based cyber security company Prevision Ltd as part of its strategy to offer complimentary security products and solutions to its growing customer base.

The company expects the deal to contain an upfront cash payment and a potential earn out payments over five years, with the total aggregate payment capped at $2.5 million.

The closing of the proposed acquisition is expected within 60 days, pending successful due diligence and signing of definitive agreements.