Since 2019, the company has shut down services to at least seven customers with contracts worth a combined US$80mil (RM337mil) to US$100mil (RM421mil) in annual revenue after deciding that it would no longer do business with them, the person said. — AFP
Israeli spyware firm NSO Group burned through most of its cash this year in a desperate bid to move past the scandal surrounding its phone-hacking tool Pegasus, according to a person with knowledge of the matter and private financial documents seen by Bloomberg News.
NSO has been spending heavily to build up drone-monitoring technology and a big-data analytics platform that executives are pitching as key assets in discussions with two US-based funds that have expressed interest in acquiring the company, according to the person, who asked not to be identified because the talks are private.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
