Adallom founders earn $25m each from exit to Microsoft

Assaf Rappaport

Adam Rappaport and Ami Luttwak are both 31, while Roy Reznik is just 27.

The three founders of Israeli cloud security company Adallom, which has been acquired for $320 million by Microsoft Inc. (Nasdaq: MSFT), will each earn $25 million from the sale with their 7.9% stake in the startup.

The founders are CEO Adam Rappaport, 31, who was responsible for strategic projects in Israel and Australia at consultancy giant McKinsey from 2010-2012. Previously he had served in the IDF's elite 8200 Intelligence Unit where he reached the rank of captain. He is a graduate of the IDF's Talpiot program and has a B.Sc. in Computer Science from the Technion, Israel Institute of Technology in Haifa. During his studies he received a prize for innovation in Content Delivery Network from Intel and Cisco.

Last February, after another successful financing round was closed, Rappaport wrote, "Even though I'm used to receiving credit for things that I do, I want to make it clear that there is still very far to go with Adallom and we haven't yet achieved an exit. Thanks for the support."

The second founder is VP, Chief of Technology Ami Luttwak, also 31, who previously served for a year as Chief Software Architect at Phonaris and before that, like Rappaport served in the IDF's 8200 Intelligence Unit and Talpiot program. He has a B.Sc in Computer Science from the Hebrew University of Jerusalem and is married with a newborn baby. He wrote in his Facebook page earler this year when it was learned that HP was investing in the company - "What an honor."

The third founder is VP R&D Roy Reznik, who is just 27. Born in Ukraine, he joined Adallom almost immediately after leaving service with the IDF's 8200 Intelligence Unit. Adallom's founders have also set up two other startups - Kollart and WhereCanItBe.

Other investors in Adallom are: Sequoia Capital (33.6%), Index Ventures (20.7%), EMC (4.9%), Rembrandt Fund (5.8%) Zohar Zisapel (6.3%), and others 5%.

Published by Globes [online], Israel business news - www.globes-online.com - on July 21, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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Assaf Rappaport
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