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Cellebrite Completes Business Combination with TWC Tech Holdings II Corp
Cellebrite is the global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations to master the complexities of legally sanctioned digital investigations by streamlining intelligence processes.
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CIO Applications | Thursday, September 02, 2021

Cellebrite is the global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations to master the complexities of legally sanctioned digital investigations by streamlining intelligence processes.
FREMONT, CA: Cellebrite DI, the global leader in Digital Intelligence solutions for the public and private sectors, and TWC Tech Holdings II Corp., a special purpose acquisition company, announced the completion of their previously announced business combination. The combined company will retain the Cellebrite DI Ltd. name, and its ordinary shares and warrants will begin trading on Nasdaq on August 31, 2021, under the ticker symbols "CLBT" and "CLBTW," respectively. The transaction was approved at a special meeting of TWC Tech Holdings stockholders held on August 27, 2021.
Yossi Carmil, Chief Executive Officer of Cellebrite, noted, "We have achieved an important milestone that advances our strategy to drive value to the investigative lifecycle. We are energized by the significant opportunities to build on our industry-leading position, expand our capabilities and continue to deliver valuable solutions to our broad and growing customer base. I would like to thank True Wind Capital for their support and partnership throughout this process. As a publicly traded company, we believe we are well positioned to help to create a safer world with our Digital Intelligence solutions suite, through the ethical use of our solutions, and to deliver sustainable value for all of our stakeholders."
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The transaction generated approximately $370 million of gross proceeds from the cash held in trust after TWC Tech Holdings stockholder redemptions and the private investment in public equity (PIPE) for the purchase of shares from existing shareholders of Cellebrite who are primarily from early investors in the company.
Adam Clammer, Chief Executive Officer of TWC Tech Holdings, said: "Cellebrite's technology enables its customers to protect the public and safeguard assets with efficiency and transparency. We believe Cellebrite is well-positioned to capture the opportunities ahead and increase its share of the large and growing Digital Intelligence market as it transitions to the public markets."
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