► Charlesbank Capital Partners Invests $70 Million in Elbit Systems’ Subsidiary, Cyberbit

Cyberbit is engaged in commercial training systems for cybersecurity teams. Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: “Preparing the human element for cyber-attacks is one of the most acute cybersecurity challenges. The investment of Charlesbank in Cyberbit is a recognition of Cyberbit’s market-leading position and the growth potential of Cyberbit’s training platform – the Cyber Range. I am confident that this investment will allow Cyberbit to realize its full growth potential.”