Nortal acquires minority stake in cybersecurity startup Talgen

Digital transformation company Nortal has entered into a definitive agreement to acquire minority stake in the cybersecurity startup Talgen to bolster cybersecurity capabilities and unlock new opportunities in Europe, North America, and the GCC countries.

Talgen is a cybersecurity company that focuses on institutional cybersecurity and defense markets. The company creates tools and services for the world's leading organizations to prepare themselves to fight against cyber threats and to ensure business continuity. 

Priit Alamäe, Founder and CEO, Nortal: "This is a strategic investment for the company to expand its leadership in the cybersecurity domain, which is highly valuable for Nortal's existing and new customers. Governments and organizations globally need to be ready to tackle increasingly more complex cyber threats, so we see both a demand as well as an opportunity in this move. As part of this strategic cooperation, we will be building a joint team of cybersecurity experts and bringing enhanced expertise to our customers to help them mitigate threats and improve resilience." 

Martin Ruubel, CEO, Talgen"As cyber threats pose huge risks for all organizations, cybersecurity is listed among the top priorities and concerns for organizations' leaders and boards. The losses organizations face from cyber incidents continue to increase – the latest estimates put the figure at USD 6 trillion globally, this year alone – so the significance of an organization's ability to bounce back from a breach or malfunction becomes crucial. I'm excited to become a part of Nortal's extended global family and enter into this strategic cooperation to leverage the best of both organizations and combine our competences to unlock new opportunities."

www.nortal.com
www.talgen.com