Economy

HUB Cyber Agrees to Sell QPoint Group to Malam Team for NIS 26.5 Million

Published

Courtroom-sketch editorial illustration looking upward through modern glass office towers in the Ramat Gan business district.

HUB Cyber Security signed an agreement to sell the entire QPoint Group to Malam Team for about NIS 26.5 million, or $8.7 million. The group includes QPoint Technologies, Aginix, QPoint Solutions, Sensecom and Integral, which provide software, quality-assurance, computing-infrastructure and digital-optimization services. Closing requires Israel Competition Authority clearance and other customary conditions, and is set for the seventh working day after approval. The sale is structured on a cash-free and debt-free basis, and HUB said it plans to use the proceeds to repay substantially all debt secured by QPoint shares.

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