Some pretty bold claims have been made for Cyactive, and if the truth is as good as the claims then this is $60-80m well spent.
Today, Globes (in Hebrew) learned that PayPal made its second ever acquisition of an Israeli company. CyActive, which has been incubated by Jerusalem Venture Partners (JVP) at their cyber security lab in Beer Sheva and up until now, only raised $2 million, was bought by PayPal and is expected to materialize in the near future. Calcalist (in Hebrew) reports that the deal is somewhere between $60 and $80 million. Geektime‘s sources claim that the deal is above $60 million, though they say the deal has not been signed and would not specify how much the acquisition will be worth.