Cellebrite Bolsters Digital Intelligence Capabilities for Latin American Nation's Federal Forces and Expands Investigative Power around Crypto Crime
PETAH TIKVA, Israel, and TYSONS CORNER, Va., May 22, 2023 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced its suite of digital intelligence software solutions, which includes the first and largest deployment of data and insights from cryptocurrency transactions in the Latin American public sector, will now be deployed in a major Latin American country, expanding the nation’s four federal forces’ digital forensic solutions.
This significant agreement enables the police force to:
In total, the deal increases the customer’s annual spending with Cellebrite more than ten-fold.
Cryptocurrency usage has increased significantly over the past several years with INTERPOL’s first Global Crime Trend report citing such financial and cybercrimes as the world’s leading, and fastest increasing current threats. As forms of cryptocurrency are used more regularly, they often support or fund hidden forms of crime, hence the importance of integrating this into investigations.
Cellebrite’s LATAM Vice President, Eduardo Negreiros, added, “This agreement underscores a worldwide shift in the frequency and scale of digital crime, particularly financial crime and increasing need for digital intelligence from Cellebrite in Latin America. This new deal is validation of the steps we have taken with this customer in recent years to deliver high-value digital forensic solutions, training and responsive support to modernize its investigative workflows. By deploying a broader range of our digital intelligence solutions, this customer is making incremental strides in organizational effectiveness and efficiency.”