Tel Aviv-based database security company Hexatier has reportedly been acquired by Chinese phone manufacturer Huawei. The deal would be Huawei's second acquisition in Israel in the last three weeks and is worth $42 million according to Israeli financial daily Calcalist.
Founded in 2009 by CEO Amir Sadeh, Director of Sales Hadar Eshel, and CTO David Maman, Hexatier delivers unified database security solutions, dynamic data masking, and activity monitoring using a patented database reverse proxy technology.
The company has a team of 40 divided among their offices in Tel Aviv, Boston, and California.
The acquisition is part of Huawei's efforts to expand its presence in Israel's Silicon Wadi.