Asia Digest: Novo Tellus invests in SG-based electronics firm; Forter acquires Israeli bot detection startup

Asia Digest: Novo Tellus invests in SG-based electronics firm; Forter acquires Israeli bot detection startup

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Singapore-based private equity firm Novo Tellus has acquired a controlling stake in SP Manufacturing, while Israel-based fraud detection software company Forter acquired local bot detection startup Immue.

Novo Tellus invests in SP Manufacturing

Novo Tellus has acquired a controlling stake in SP Manufacturing, with the family owners retaining a meaningful and active stake in the electronic manufacturing company.

“We believe in SP’s ability to serve customers closely onshore in Europe and the United States, while also providing engineering and manufacturing services offshore in Southeast Asia and China, reflecting the best strengths of where the modern global production network is evolving in the coming decade,” said Keith Toh and Peishan Wong at Novo Tellus.

Founded in 2010, Novo Tellus Capital Partners is a private equity firm focused on investments in industrial and technology companies in Southeast Asia’s lower middle market.

Forter acquires Immue

Forter has acquired local bot detection startup Immue, according to a release. The acquisition will enable Forter strengthen its existing fraud management capabilities and improve its bot detection capabilities through Immue’s domain-specific bot expertise.

“Successful bot attacks leave the world’s biggest brands exposed to account takeovers, service disruptions, reputational damage, loss of consumer trust and more. Immue’s cutting edge technology will enable us to bring bot detection to the full customer lifecycle – stopping the most sophisticated bots and human fraudsters from account creation to checkout.” said Michael Reitblat, Chief Executive Officer and co-founder, Forter.

Founded in 2021,  Immue’s technology allows businesses to filter out bot attacks and authorise only certain bot-enabled transactions, protecting merchants and their customers from damaging bot traffic.

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