Cellebrite, The Leading Digital Intelligence Solutions Provider, to List on Nasdaq Through Merger with TWC Tech Holdings II Corp.
Digital Intelligence Solutions Market Leader Empowers Customers to Protect and Save Lives,
Accelerate Justice and Preserve Privacy
Transaction Implies Pro Forma Equity Value of Approximately $2.4 Billion; Expected to Provide up to $480 Million of Gross Cash Proceeds to the Company; Includes a Fully Committed $300 Million PIPE for the Purchase of Shares from Early Investors in the Company, Oversubscribed with Commitments from Strategic Investor Axon Enterprise, Inc. and Leading Institutional Investors Including Light Street Capital and Makena Capital
Transaction Seeks to Accelerate Cellebrite's Ability to Execute on Significant Near-Term Growth Opportunities in the Public Sector, Develop New Customer Solutions and Expand its Private Sector and End-Market Reach
Cellebrite Generated Revenues of Approximately $195 Million and Gross Margins of Approximately 80% in Fiscal 2020 and Projects Revenues of Approximately $283 Million and Gross Margins of Approximately 81% in Fiscal 2022
SAN FRANCISCO and PETAH TIKVA, Israel, April 8, 2021 /PRNewswire/ -- Cellebrite DI Ltd. ("Cellebrite" or the "Company"), the global leader in Digital Intelligence ("DI") solutions for the public and private sectors, and TWC Tech Holdings II Corp. ("TWC Tech Holdings") (Nasdaq Capital Market ("Nasdaq"): TWCT), a publicly traded special purpose acquisition company, today announced they have entered into a definitive business combination agreement and plan of merger ("Merger Agreement"). As a result of the transaction, Cellebrite will become a publicly listed company on the Nasdaq under the new ticker symbol, "CLBT", and the pro forma implied equity value of Cellebrite post-merger is expected to be approximately $2.4 billion.
Cellebrite's mission is to enable its customers to protect and save lives, accelerate justice and preserve privacy in communities around the world. Cellebrite empowers public and private sector customers, including federal, state and local public safety agencies and private sector enterprises, to manage Digital Intelligence in legally sanctioned investigations. With Cellebrite's end-to-end integrated Digital Intelligence investigative platform, customers can solve cases faster and more efficiently than ever before, digitizing the entire investigative lifecycle and accelerating outcomes within the justice system. The Company is deeply committed to data privacy and to the ethical use of its technology. Cellebrite's solutions have been purchased by 6,700 public safety agencies and private sector enterprises in over 140 countries and have helped millions of investigations globally. The Company's rapidly deployable technology solutions position it for long-term growth in a total addressable market that is estimated to reach $12 billion by 2023.
Diesen Artikel teilen
