The American private equity firm Euro-Equity is set to purchase Paragon, an offensive cybersecurity company co-founded by former Israeli Prime Minister Ehud Barak and Brigadier General (res.) Ehud Schneerson, who once led Unit 8200, according to a report by Globes on Sunday.
The report revealed that the deal is estimated to be worth around $900 million. Half of this amount will be paid upfront in cash, while the remaining half will depend on the company meeting specific performance targets.
Globes further noted that $450 million of the acquisition sum is earmarked for distribution among the company’s workforce, with 20% allocated to its 400 employees and 30% to its five co-founders. Ehud Barak is projected to personally earn between $10 million and $15 million from the transaction.
{Matzav.com}