NSO Group founders buy back their spyware company
The founders of NSO Group, a controversial Israeli spyware vendor, said Thursday that they had re-acquired the company from private equity firm Francisco Partners. NSO Group co-founders Shalev Hulio and Omri Lavie led the acquisition and promised more growth for the company, which reported dozens of customers and $250 million in revenue in 2018. NSO Group did not reveal the terms of the deal, which was supported by Novalpina Capital, a London-based firm. Sources had told CyberScoop in June of 2017 that Francisco Partners was asking for more than $1 billion for NSO Group. Francisco paid $120 million for a majority stake in the company in 2014. NSO Group says it lawfully sells its surveillance technology to governments to combat terrorism and organized crime. However, the company’s signature Pegasus spyware has been used to target journalists, anticorruption watchdogs and political dissidents, according to research from Amnesty International and the University of […]
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