Cellebrite DI (CLBT) has released an update.
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Cellebrite’s CEO Yossi Carmil plans to step down by the end of 2024, marking the end of nearly two decades of leadership that saw the company grow significantly in size and market valuation. The company has initiated a search for a new CEO, with Executive Chairman Thomas E. Hogan stepping in as interim CEO. Under Carmil, Cellebrite expanded globally and transitioned to a subscription business model, culminating in a market valuation of approximately $4 billion.
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