Magal Acquires WebSilicon Strengthening its Cyber Security Offerings for
YAHUD, Israel, January 23, 2013
YAHUD, Israel, January 23, 2013 /PRNewswire/ --
Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today announced the acquisition
of WebSilicon Ltd., an Israeli-based company with unique monitoring offerings
for landline and wireless networks.
WebSilicon Ltd. will form an integral part of Magal's recently announced cyber
strategy that will expand its offerings to deliver integrated physical-cyber
solutions for critical sites.
Eitan Livneh, President and CEO of Magal S^3, commented: "Magal chose
WebSilicon due its strong executive and development team, as well as its
successful product sales to intelligence and other cyber protection players.
The founders' experience and backgrounds will allow Magal to accelerate its
efforts to be a leader in the convergence of physical and cyber security.
WebSilicon will continue to support its existing customers and expand its
presence in the network management and monitoring markets."
Iftah Bratspiess, CEO of WebSilicon, commented: "We are very excited to join
the Magal group and to become part of a larger and successful organization.
This will enable us to improve our support to our existing customers, address
new markets and invest more in our leading cyber technology."
WebSilicon is a leading company in the rapidly growing network management and
monitoring markets. The company develops unique hardware and software products
built to probe and monitor networks, enabling management of networked devices.
Established in 1998, WebSilicon is proud of a track record of successfully
deploying over 150 systems for more than 60 customers and service providers in
the telecom, datacom, security and intelligence markets.
About Magal S^3
Magal S^3 is a leading international provider of solutions and products for
physical and cyber security, safety and site management. Over the past 42
years, Magal S^3 has delivered tailor-made solutions and turnkey projects to
hundreds of satisfied customers in over 80 countries in some of the world's
most demanding locations.
Magal S3 offers holistic and integrated solutions for critical sites, managed
by Fortis^4G - our 4^th generation cutting edge Physical Security Information
Management system (PSIM). The solutions leverage our broadest portfolio of
unique homegrown Perimeter Intrusion Detection Systems (PIDS), advanced
outdoors CCTV / IVA technology and holistic Cyber Security solutions.
For more information:
Eitan Livneh, CEO
Assistant: Ms. Elisheva Almog
CCG Investor Relations
Ehud Helft/Kenny Green
Tel: (US) +1-646-201-9246
Int'l dial: +972-3-607-4717
SOURCE Magal Security Systems Ltd
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