New
deal reinforces Cellebrite’s market leadership as law enforcement organizations
preferred end-to-end technology partner to modernize their entire investigative
workflow
PETAH TIKVA, Israel and TYSONS CORNER, Va., Jan. 11,
2022 (GLOBE NEWSWIRE) -- Cellebrite (Nasdaq: CLBT), a global leader in Digital
Intelligence (DI) solutions for the public and private sectors, today announced
that it has won a significant Open-Source Intelligence (“OSINT”) customer
contract following the Company’s acquisition of Digital Clues in November 2021.
The new customer contract is a multi-year contract with initial value of US$1.5
million for the first year and is the most noteworthy SaaS deal for Cellebrite
to date.
Cellebrite’s OSINT solution, part of the Company’s
industry leading investigative DI Platform, is aimed at supporting the early
stages of law enforcement investigations, irrespective of whether the
investigative teams have a lead or not, by quickly enabling them to collect and
connect large amounts of fragmented digital evidence from many dynamic sources,
including the surface web, deep web, and dark web. The adoption of the OSINT
solution is being driven by its use by law enforcement agencies as they
increase their efforts to stop crimes against children, drug and human
trafficking, organized crime, and terrorism. The new customer selected
Cellebrite’s OSINT solutions to replace its existing system because of the
OSINT solutions’ unmatched capabilities, ability to adapt quickly to rapidly
changing open-source repositories, and ease of use.
“We are pleased with the early success reflected by
this significant, multi-year contract that demonstrates our ability to provide
end-to-end investigative workflow solutions to law enforcement which help to
make our communities safer,” said Alon Klomek, Cellebrite’s Chief Business
Officer. “With our scalable and innovative cloud offerings, Cellebrite is able
to partner with law enforcement agencies to address their growing demand for
solutions that kickstart their investigation efforts by legally and ethically
collecting open-source data in criminal investigations.”
About
Cellebrite
Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and
save lives, accelerate justice, and preserve privacy in communities around the
world. We are a global leader in Digital Intelligence solutions for the public
and private sectors, empowering organizations in mastering the complexities of
legally sanctioned digital investigations by streamlining intelligence
processes. Trusted by thousands of leading agencies and companies worldwide,
Cellebrite’s Digital Intelligence platform and solutions transform how
customers collect, review, analyze and manage data in legally sanctioned
investigations. To learn more visit us at www.cellebrite.com and https://investors.cellebrite.com.
Caution Regarding Forward Looking Statements
This document includes “forward looking statements”
within the meaning of the “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995. Forward-looking statements may be
identified by the use of words such as “forecast,” “intend,” “seek,” “target,”
“anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,”
“plan,” “outlook,” “future” and “project” and other similar expressions that
predict, project or indicate future events or trends or that are not statements
of historical matters. Such forward looking statements include estimated
financial information. Such forward looking statements with respect to
revenues, earnings, performance, strategies, prospects and other aspects of the
business of Cellebrite are based on current expectations that are subject to
risks and uncertainties. A number of factors could cause actual results or
outcomes to differ materially from those indicated by such forward looking
statements. These factors include, but are not limited to: Cellebrite’s ability
to develop technologically advanced solutions and successfully integrate with
the software solutions used by customers; acceptance of solutions by customers;
errors, failures, defects or bugs in solutions; a failure to maintain sales and
marketing personnel productivity or hire, integrate and retain additional sales
and marketing personnel; the impact of the global COVID-19 pandemic; the
impact of competition on pricing and on Cellebrite’s market share; sub-optimal
results from products due to misuse by customers; Cellebrite’s failure to
maintain and enhance its reputation and brand; inaccuracy of the estimates of
Cellebrite’s market opportunity and forecasts of market growth; changes to
packaging and licensing models that adversely affect the ability to attract or
retain customers; failure to manage future growth effectively; failure to
introduce new solutions and add-ons; issues in the use of artificial
intelligence resulting in reputational harm or liability; the need for additional
capital to support the growth of Cellebrite’s business; a failure to maintain
the security of operations and the integrity of software solutions; the impact
of government budgeting cycles and appropriations, early termination, audits,
investigations, sanctions and penalties; a decline in government budgets,
changes in spending or budgetary priorities, or delays in contract awards; a
failure to adequately obtain, maintain, protect and enforce Cellebrite’s
intellectual property or infringement of the intellectual property rights of
others; perceptions or court or regulatory decisions that Cellebrite’s
solutions violate privacy rights; the use of solutions by customers in a way
that is, or that is perceived to be, incompatible with human rights; failure to
comply with laws regarding privacy, data protection and security, technology
protection, sanctions, export controls and other matters; and other factors,
risks and uncertainties set forth in the sections titled “Risk Factors” and
“Cautionary Note Regarding Forward-Looking Statements” in the final proxy
statement/prospectus relating to Cellebrite’s consummated business combination
filed with the SEC on August 5, 2021 and in other documents filed by Cellebrite
with the SEC, which are available free of charge at www.sec.gov. You
are cautioned not to place undue reliance upon any forward-looking statements,
which speak only as of the date made, in this communication or elsewhere.
Cellebrite undertakes no obligation to update its forward-looking statements,
whether as a result of new information, future developments or otherwise,
should circumstances change, except as otherwise required by securities and
other applicable laws.
Media
Adam Jaffe
VP of Global Communications
+1 973 206 7643
adam.jaffe@cellebrite.com –
or –
RapidResponse@cellebrite.com
Investors
Anat Earon-Heilborn
VP Investor Relations
+972 73 394 8440
investors@cellebrite.com
SOURCE: Cellebrite DI Ltd
No comments:
Post a Comment