Cybereason, a prominent Israeli security software firm valued at $2.5 billion by investors including Google, SoftBank and ex-Treasury Secretary Steve Mnuchin’s private equity firm, has hired JPMorgan Chase & Co. to find a buyer, according to a person with direct knowledge of the matter.
The company considered going public earlier this year, according to an employee, but abandoned that idea as the stock market deteriorated. At the same time, Cybereason’s growth has slowed, and acquisition discussions in the cybersecurity market have intensified.
