Israel-based fraud detection and prevention company Intellinx has been acquired by US-based cloud payment provider Bottomline Technologies for $67m, giving an exit to Software AG.
Intellinx previously secured $4m in a 2006 series A round that was led by Liberman Group and which also included Ascend Technology Ventures, Elran Technologies and SPL Software, an Israel-based software developer acquired by Software AG in 2007.
Incorporated in 2005, Intellix’s spun out of another company, Sabra Tech, which was itself also acquired by Software AG in 2004, though Intellinx’s technology was not included in the deal.
Intellinx currently has 100 employees and more than 200 other customers globally, including banks, credit and insurance companies, and government agencies.
Bottomline CEO Rob Eberle said: “We are extremely excited to combine with Intellinx. Our customers have been asking us for solutions to help them combat cyber fraud and the Intellinx solution is unmatched in the market.
“Its ability to create a digital surveillance camera delivers a critical and unique line of protection against cyberattacks and cyber fraud, with instant alerts, session replay, and full case management capabilities.”