Is Huawei About to Buy a Security Vendor?
Chinese smartphone maker Huawei [HWT.UL] is negotiating the acquisition of Israeli start-up HexaTier, whose technology secures databases in the cloud, industry sources in the two countries said on Tuesday.
The sources, who asked not to be identified, said the deal was expected to go through soon.
Huawei will use HexaTier to set up a research and development center in Israel for databases in the cloud, the Israeli industry source said. The negotiations follow a visit by Huawei Chief Executive Officer Ren Zhengfei to Israel several weeks ago. Officials at HexaTier and Huawei declined to comment.
