Cellebrite Di Ltd Stock Price, News & Analysis

Cellebrite, a leader in Digital Intelligence (DI) solutions, has secured a multi-year agreement valued at over USD $800,000 with a state department of public safety in the U.S. This partnership aims to enhance investigative capabilities for law enforcement agencies and drug task forces through advanced data extraction and analysis from digital devices. The agreement reinforces Cellebrite's commitment to aiding law enforcement in addressing narcotic and opioid-related crimes, ultimately contributing to community safety.

Cellebrite DI Ltd. (Nasdaq: CLBT) has appointed Dr. Guy Rotkopf, former Director General of the Israel Ministry of Justice, as the new Chairperson of its Ethics & Integrity Committee. This committee, established in 2021, guides the board on international law and ethical practices concerning the use of Cellebrite's technologies. Dr. Rotkopf holds a PH.D. in law and aims to enhance ethical standards in the company’s operations. The committee comprises eight members with diverse backgrounds in human rights and technology, reinforcing Cellebrite's dedication to responsible business practices.

Cellebrite (Nasdaq: CLBT) announced a multi-year agreement worth over $2.5 million with a national police agency in the Asia-Pacific region. This engagement will expand the deployment of Cellebrite’s Digital Intelligence (DI) solutions to assist in reducing crime and enhancing public safety. This contract extends their long-term relationship, reinforcing Cellebrite's reputation and impact in law enforcement. The deployment aims to support digital transformation within government agencies, bolstering safety measures through advanced investigative tools.

Cellebrite reported impressive financial results for 2021, achieving $246 million in revenue, a 26% year-over-year increase, and an Annual Recurring Revenue (ARR) of $187 million, up 37%. The company closed a record number of deals and launched new solutions to enhance digital intelligence. For 2022, Cellebrite forecasts 16-22% revenue growth and 34-42% ARR growth. CEO Yossi Carmil highlighted strong market positioning and commitment to innovation, aiming to maintain its leadership in the digital intelligence market.

Cellebrite (Nasdaq: CLBT) has announced the launch of its cloud-based investigative digital evidence management solution, Cellebrite Guardian, in the United Kingdom through Amazon Web Services (AWS). This platform aims to enhance the efficiency of law enforcement agencies by allowing them to process evidence up to four times faster than current methods. In addition to its UK launch, Cellebrite plans further deployments in AWS data centers located in Canada, Singapore, and Australia by the end of 2022, addressing an increasing global demand for Investigative Digital Evidence Management Systems.

Cellebrite (Nasdaq: CLBT) has unveiled a new course curriculum via the Cellebrite Academy, aimed at equipping law enforcement and corporate investigators with essential skills to manage digital evidence. The training programs, which cater to over 12,000 students trained in 2021, address the growing challenges in digital investigations. New offerings include courses like Cellebrite Advanced Video Analysis and Cellebrite Corporate Investigator Fundamentals. The initiative responds to a strong demand for enhanced training capabilities in the digital intelligence sector.

Cellebrite (Nasdaq: CLBT) has announced that its investigative solution, Cellebrite Guardian, is now available on Amazon Web Services (AWS) as part of its Digital Intelligence platform. This move, made in partnership with AWS as an Advanced Technology Partner, aims to modernize investigative workflows for public safety agencies and enterprises. By leveraging AWS's capabilities, Cellebrite seeks to enhance collaboration and reduce costs related to storage and maintenance. The integration promises to streamline investigations, as highlighted by a police sergeant's endorsement of the solution's effectiveness.

True Wind Capital, a San Francisco-based private equity firm, has announced the promotions of David Hirsch, Will Heldfond, and John Gray to Principal. These promotions reflect the firm's growth, including the successful close of its second fund with $817 million in equity commitments. Hirsch focuses on industrial, government, and marketing sectors, Heldfond on financial technology and healthcare, while Gray specializes in enterprise software and consumer technology. True Wind has completed 10 platform investments and 20 add-on acquisitions since its founding in 2015.

Cellebrite (Nasdaq: CLBT) has secured a multi-year contract worth US$1.5 million for its Open-Source Intelligence (OSINT) solution, marking a significant SaaS deal. This contract follows the acquisition of Digital Clues in November 2021 and emphasizes Cellebrite’s role as a preferred technology partner for law enforcement. The OSINT solution enhances investigative workflows by enabling agencies to gather and analyze digital evidence from multiple sources efficiently, which is increasingly vital in combating crimes such as human trafficking and terrorism.