Finjan Honors its Israeli Technology Start-up Roots
As Finjan celebrates its 20-year history in cybersecurity, the Company is proud to honor its Israeli technology startup roots. Finjan’s President and CEO, Phil Hartstein and CFO, Michael Noonan just returned from a trip to Israel where they had the opportunity to attend the Cybertech 2016, an annual international conference dedicated to the current state and growth potential of the cybersecurity industry. As part of this trip, they sat down with Finjan’s Founder and inventor Shlomo Touboul. Shlomo is widely recognized as an expert in the cybersecurity sector having started a number of companies, the most recent of which is Illusive Networks. In addition, Phil and Michael spent time with some of Finjan’s largest shareholders still based in Israel and with Jerusalem Venture Partners, one of the Israel’s most active investors in cybersecurity. Finjan along with Cisco, Qihoo 360 and Alibaba, has invested in JVP fund VII which focuses on investing and incubating early-stage cyber solutions which benefit Finjan through early exposure to ground-breaking technology plays within the Israeli cybersecurity start-up culture.
A recent article in the Times of Israel confirms that Israel has, in fact, turned into a Mecca of cybersecurity technology, second only to the U.S. Over the past two years, Israel has accounted for 10% of worldwide sales in cybersecurity solutions helped by the 430 cyber companies currently in operations. A recent report issued by the IVC Research Center found that 78 Israeli cyber companies raised $540 million in capital last year, an increase of 20% over the capital raised in 2014. More impressively, in 2015, Israeli cyber exits reached $1.2 billion, an increase of 40% over 2014.
Finjan was one of the first to recognize the future demand of network and data protection technologies as Shlomo pioneered technologies around the concepts of dynamic, proactive real-time web and network security with behavior-based content in the mid-1990s. While Finjan originally began in Israel, it migrated its headquarter to the U.S. in 1998. It’s no coincidence that Finjan continues to recognize the potential and expand its presence across both the U.S. and Israel with the recent launch of a mobile application business, Finjan Mobile, in the U.S. and it’s advisory services business, CybeRisk™, headquartered in Tel Aviv. Finjan’s valuable patent portfolio coupled with it’s rich 20-year history ideally positions the company for future growth in the booming cybersecurity sector.
Share this Post