<article>Accenture has acquired Israeli cyber-security firm Maglan, while Optitex has acquired EFI in a transaction worth $20 million.</article>

Accenture has acquired Israeli cyber-security firm Maglan, while Optitex has acquired EFI in a transaction worth $20 million.
<h3 class="p1" style="text-align: justify;">Accenture acquires Israeli cybersecurity firm Maglan</h3>
<a style="color: #000080;" href="http://dealstreetasia.com/tag/accenture" target="_blank">Accenture</a> has acquired Israeli cybersecurity firm <a style="color: #000080;" href="http://www.maglangroup.com/" target="_blank">Maglan Information Defense Technologies Group</a> for an undisclosed sum.
Following the acquisition, Maglan &#8211; founded in 1998 by managing director <a style="color: #000080;" href="https://www.linkedin.com/in/shai-blitzblau-3466473b" target="_blank">Shai Blitzblau</a> &#8211; will become Accenture’s development centre in Israel and its second office. The acquisition follows Accenture&#8217;s participation in a $22-million investment in Israel&#8217;s <a style="color: #000080;" href="http://www.team8.vc/" target="_blank">Team8</a> cybersecurity incubator.
Maglan provides technical consultation and auditing in information security, internet intelligence, and cyber warfare for commercial concerns and security agencies. This complements NASDAQ-listed Accenture, which has a market capitalisation of $70 billion and reported revenues of $30 billion over the past year. 

&#8220;For nearly two decades, we have built robust security R&amp;D capabilities and helped organizations across a broad range of industries adopt active cyber intelligent-driven approaches to address the rapidly evolving threat landscape and defensive mechanism,&#8221; Blitzbau added.
<h3 class="p1" style="text-align: justify;">Optitex acquired by EFI in $20m deal</h3>
Israel-based <a style="color: #000080;" href="http://optitex.com/" target="_blank">Optitex</a>, which develops 3D software solutions, has been acquired by Nasdaq-listed company <a style="color: #000080;" href="http://www.efi.com/" target="_blank">Electronics for Imaging (EFI)</a> for a cash consideration of $20 million. 
Optitex produces 3D design software for the textile industry. Following the deal, Optitex will be integrated into EFI’s software solutions business unit.
The total value of the acquisition is $52.8 million of which $20 million constitutes the upfront cash payment. Annual cash earnout payments will be made over three years totaling $32.8 million.
Optitex&#8217;s technology combines 2D and 3D systems to streamline processes for designing and developing products and is aimed at retailers, manufacturers, and fashion brands. It shortens the time-to-market for products, reduces development costs and enhances sales &amp; marketing activities through its generation of 3D content. Users can type in precise measurements to determine their look in real-time. 
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Accenture has acquired Israeli cyber-security firm Maglan, while Optitex has acquired EFI in a transaction worth $20 million.

Israel Digest: Accenture buys Maglan; EFI acquires Optitex in $20m deal

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Israel Digest: Accenture buys Maglan; EFI acquires Optitex in $20m deal

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