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Israeli cyber security company Votiro closes oversubscribed capital raising

Corporate and M&A, Technology, Media & Telecomms
Israeli cyber security company Votiro closes oversubscribed capital raising
Arnold Bloch Leibler has advised Israeli cyber security company Votiro Cybersec on its recent capital raising which was publicly reported on 17 July 2017.

Corporate & Commercial Senior Associate, Jeremy Lanzer and Lawyer, Justin Hansky worked with Votiro, advising on all aspects of the capital raising including managing various stakeholders and cross-border dynamics. The capital raised will be used to drive further business expansion as the company prepares for an upcoming IPO. 

Votiro is a global provider of secure email gateway solutions with a patented Zero-Day Exploit Protection technology.

As reported in the press, Votiro Chief Executive Itay Glick said that “interest in the round was boosted by the number of high-profile attacks in recent weeks.” He told The Australian Financial Review that he believed Votiro’s technology may have prevented these attacks.

Jeremy Lanzer commented on the transaction: “We are pleased to have been able to advise Votiro on this capital raising. Votiro is an exciting company with world-renowned technology that is becoming more and more crucial as governments and companies focus their attention on cyber security. We look forward to Votiro’s continued success as it expands into Australia and throughout the Asia-Pacific region.”

Jeremy further noted that many Australian companies are ill-prepared to protect themselves and their stakeholders from cyber threats and more importantly to respond and recover if they are attacked. As recently reported by The Australian Financial Review  just 29 per cent of leading ASX-listed companies believe their management can detect, respond to and manage a cyber incident with minimal impact on the business and 10% do not have a documented and approved response, recovery and resumption plan in place.