PEAX Group Receives NIS 115 Million Order from the Defense Sector
PEAX Group, formerly known as E.M.T Computing, has received an order valued at approximately NIS 115 million from a defense-sector customer. Under the agreement, the company will supply licenses for advanced big data platforms from a leading global technology vendor.
The project is expected to be delivered over a period of approximately three years, with revenues recognized as part of the Group’s Cloud, Infrastructure, and Cyber business segment.
In the media
Min readPEAX Group, one of Israel’s leading technology companies and formerly known as E.M.T Computing, has received a binding order valued at approximately NIS 115 million from a major customer in Israel’s defense sector.
Under the agreement, which is expected to span approximately three years, the Group will provide licenses for advanced big data platforms from a leading global technology vendor. The transaction is expected to further strengthen PEAX’s position as a key technology provider in the Israeli market.
According to the company, the deal is expected to generate operating profit margins consistent with similar projects of this type. Revenue from the order will be recognized within the Group’s Cloud, Infrastructure, and Cyber business segment.
Andres Richter, CEO of PEAX Group, commented:
“We are pleased to report this significant order, which reflects the strong trust that the Israeli defense sector places in our Group and highlights the growth potential of our activities within this market. We believe this agreement demonstrates recognition of our professional capabilities and further reinforces our position as a leading provider of these solutions. We intend to continue strengthening our role as a dominant force in Israel’s IT market by delivering advanced infrastructure, cloud, cybersecurity, digital, and data solutions to our customers.”
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