The American fintech giant Intuit acquired the Israeli company Imvision, which operates in the field of API security (application programming interface) for giant companies, for $ 50 million. “Imvision” is based in Israel and develops technologies that allow giant companies to detect, test and protect against attacks automatically by monitoring API traffic, to detect threats and vulnerabilities.
The company was founded in 2014 by Sharon Mantin, Yossi Bershisht and Dr. Eli Plotnik.
The more than 100 million intuitive customers, consumers and small business owners alike – will enjoy higher protection thanks to the implementation of the Imvision solution. Across Intuitive’s technology platform.
“Imvision’s integration fits in perfectly with our vision, which includes looking at security in a holistic way. We’re been exploring the API security space for some time, and together with ‘Imvision’, we plan to promote our fraud prevention solutions. In addition and of paramount importance, We can expand the security of our customers, products and information, ” Said Atticus Tysan, CISO (Chief Information Security Manager) of Intuit.
“This is an exciting addition to the team of Intuit Israel, our third acquisition in the country,” Adds Gene Golubinsky, General Manager of Intuit Israel and VP of Security Research and Development. We chose “Imvision” after looking for a proven solution that is capable of meeting the many demands of our technology and the size of our customer base. “Imvision’s technology complements and strengthens our investment in API-based security, and is compatible with Intuit’s core business in Israel.”
‘In the API-first era, fraud prevention is one of the biggest challenges for businesses and consumers alike. “The collaboration with Intuit reflects the perfect opportunity to take our technology to the next level, and protect information and customer activity on a huge scale, far beyond what we have ever imagined.” Added Sharon Mantin, CEO of “Imvision”. “Together with Intuit, we are pleased to advance our commitment to allow organizations to open up without being vulnerable.”
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