JFrog Ltd. (NasdaqGS:FROG) entered into a definitive agreement to acquire VDOO Connected Trust Ltd. for $310 million on June 29, 2021. The consideration consists of approximately $210 million of cash and approximately 1.93 million of JFrog ordinary shares subject to adjustments. Of the consideration, approximately $90 million will be paid with JFrog ordinary shares. The purchase agreement is cash free and debt free basis. A portion of the consideration is subject to escrow mechanisms, whereby an amount equal to 10% of the consideration shall be held for a 15-month escrow period, subject to adjustment for certain indemnifiable events and circumstances as set forth in the agreement. After completion, VDOO Connected Trust will become a wholly-owned subsidiary of the JFrog. Vdoos team of 90 employees will all join JFrog. The transaction is expected to complete in the third calendar quarter of 2021.