ALD: Agreement of 12 m NIS in the Tahatz – Capital Market project

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Reports that it has signed an agreement for the provision of services in the amount of NIS 12 million with a leading company in Israel in the field of construction and infrastructure. Under the agreement, ALD will perform quality assurance on an infrastructure project in the field of public transportation that the company is implementing for a government body. ALD estimates an income rate of approximately NIS 3 million per year throughout the contract, depending on the rate of progress and the customer’s needs.

“This is a large-scale multi-year project with one of the largest and leading engineering companies in Israel. We estimate that this agreement will have a positive impact on the company’s operations and financial results for the years 2021-2024,” he said. Dotan Moshe, Deputy CEO of ALD. “Plus, it’s about.”

ALD provides services, consulting and software in the field of systems reliability. The company’s customers are government entities and other large entities, some of which have been working with the company for 20 years. ALD employs about 400 people and its offices are located in Even Yehuda. The company has an annual turnover of about NIS 130 million.

The company will be merged with the cyber parent company Security, which has an advanced encrypted computing solution for companies and organizations aimed at preventing hostile intrusion and protecting sensitive commercial information. The father was founded in 2017 by a number of founders such as Eyal Moshe, the company’s CEO and Andrei Yarmanko, the VP of technology.

The parent’s shareholders include the global insurance company AXA, the investment fund OurCrowd and other investors. In the past year, the company has signed a number of new agreements, including with the storage company Seagate, Lloyd’s, and cooperation agreements with Kudelski Security and the cyber unit of the Israeli Electric Company.

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