The project is valued at at 5 million shekels. MER Group’s Intelligence and Cyber division will provide these services for two governmental financial organizations and for a leading communications services provider
Holon, June 5, 2017: MER Group (TASE: CMER), provider of telecom, security, intelligence, and cyber solutions, announced that in the last weeks it has won three tenders to provide intelligence and cyber security projects for three different organizations in a Latin American country. The project is valued at approximately 5 million NIS (1.8 million dollars).
MER Group’s Intelligence and Cyber division will provide services for two large governmental financial organizations and for a leading communications services provider. MER will supply the two financial companies with strategic plans for establishing a cyber system, including assessing the organization’s communication infrastructure and IT, developing cyber security methodology, and implementing cutting-edge technologies designed to protect the organization’s virtual assets. For the communications provider, MER will develop a system that will enable integration of advanced cyber intelligence capabilities that can detect specific cyber attacks targeted at the organization as well as fraudulent activity on its applications.
Nir Lempert, MER Group’s CEO “Over the last year we have invested resources in developing cyber solutions for the telecom and global finance sectors, and particularly for Latin America, where we have witnessed repeated cyber attacks of different kinds. The most recent attacks, including “wannacry” – the global attack that we all witnessed just this month, prove how vulnerable the telecom and finance sectors are to attacks and how attractive they are to hackers. We believe that our cyber and intelligence solutions will have a significant impact on the effectiveness of cyber protection in these organizations”.
Please note that execution of the project is subject to the signing of a final and binding agreement with the customer and subject to the fact that no petition will be filed with the court against the customer’s decision on the winner in accordance with the terms of the tender.
About MER Group
MER Group (TASE: C.MER) is a global Israeli Company that focuses its operations in five core fields: communications infrastructure and optical fiber; HLS (Homeland Security including safe cities, strategic installations, smart cities, campuses and smart buildings); cyber intelligence services; intelligence and investigative systems based on BIG DATA technology; and tactical communications solutions for emergency and lifesaving forces (first responders) and armies (see land and air).
The Company, through its subsidiaries offers end to end holistic solutions that include consulting, development, manufacture, integration, implementation and training adapted to the customer’s needs. The Group’s customers include governmental, municipal and security agencies, banks, communications operators and more. The Company has a number of software and electronics R&D centers as well as manufacturing plants in Israel and around the world.
MER Group employs about 1,200 employees, number tens of subsidiaries and is active primarily in Latin America, the USA, Africa and Israel. MER is managed by Nir Lampert and is controlled by Haim MER, the FIMI fund and Yitzchak ben Basat. It has been traded on the TA exchange since 1992. MER’s headquarters are located in Holon.