The acquisition of Nice's Cyber and Intelligence Division is a huge step toward entrenching CYBERBIT in the general commercial segment and as a world leader in the Intelligence and LEA global markets
MOUNTAIN VIEW, California, Oct. 20, 2015 /PRNewswire/ -- Based on its recent analysis of the cyber intelligence and security market, Frost & Sullivan recognizes CYBERBIT with the 2015 Global Frost & Sullivan Award for Competitive Strategy Innovation and Leadership. Elbit Systems has been Israel's major cyber security provider and has striven to position itself as a significant participant in the world market. In line with its expansion goals, Elbit procured the cyber and intelligence division of global major Nice. This move resulted in the creation of a new player, CYBERBIT. CYBERBIT leverages both Elbit's and Nice's global operations, brand and positioning in the defense and commercial markets, to sell standalone solutions to clients of all sizes, across market segments.
"The thinking behind establishing a subsidiary instead of an operational unit was to offer the company the flexibility to operate freely in the global market, especially in the commercial, non-defense segments," said Frost & Sullivan Consulting Manager Yaki Baranes. "In a relatively short time, CYBERBIT has developed impressive, high-end, standalone products and fully integrated solutions that deliver end-to-end capabilities to its intelligence and cyber security customers."
CYBERBIT's cyber security solution, CyberShield Suite, has a comprehensive suite of capabilities that combine advanced malware detection, mitigation and response across multiple types of IT and supervisory control and data acquisition (SCADA) networks, along with cyber training and simulation to train these networks' security personnel. These product advantages have helped CYBERBIT win major deals in Israel and establish itself as a local leader. This popularity, in turn, has enabled it to win foreign projects as well.
In May 2015, it was announced that CYBERBIT acquired Nice Systems' Cyber and Intelligence Division. This is a bold move and will have far-reaching implications. First, as Nice's cyber and intelligence solutions are complementary to CYBERBIT's, thus strengthening CYBERBIT's solutions and product portfolio. By completing CYBERBIT's portfolio, it allows the company to provide end-to-end and fully integrated solutions, as well as standalone cyber products to commercial end users. Second, the acquisition automatically created a new cyber company that almost overnight became a significant player to be reckoned with, as it has inherited the clients of both Elbit and Nice.
"Major defense and security companies find it more viable to deal with projects instead of selling cyber products due to issues of scale and profitability. This creates a situation wherein the market for small- to-medium-sized enterprises is almost never addressed," noted Baranes. "Consequently, CYBERBIT's ability to work with all types of companies to sell a product, in addition to full integration, places it in a unique and superior position."
For its astute business strategies and foresight, Frost & Sullivan is pleased to present CYBERBIT with the 2015 Global Competitive Strategy Innovation and Leadership Award.
Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a competitive strategy that results in stronger market share, competitive brand positioning and customer satisfaction.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
CYBERBIT is a fully owned subsidiary of Elbit Systems Ltd. – Israel's largest defense company. Marking the intelligence and cyber domains as strategic growth engines – Elbit founded CYBERBIT to lead its activities in these domains and be the spearhead of intelligence and cyber solutions worldwide.
CYBERBIT's solutions span the full range of intelligence and cyber technologies and capabilities, allowing its customers to receive either local or end-to-end solutions to the challenges and needs of their organizations, leveraging the technology, knowledge and methodologies gained by years of experience with high-end customers around the world.
CYBERBIT provides comprehensive solutions and exclusive capabilities with worldwide large scale deployment experience.
The combination of field-proven technologies and over two decades of global experience, as well as the knowledge, expertise, wide customer base and state-of-the-art technology marks CYBERBIT as a true market leader, providing solutions that span the entire range of cyber security and intelligence capabilities, constituting a one-stop-shop for:
• IP & SCADA based detection and response
• Cyber training and simulation
• End-to-end CERTs and SOCs solutions
• Monitoring and interception centers
• Investigation and knowledge management systems
• Tactical SIGINT interception systems
About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.
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