Monday, March 24, 2014

Palo Alto Networks to Acquire Cyvera for $200 Million

Palo Alto Networks agreed to acquire Cyvera, a privately held cybersecurity company located in Tel-Aviv, Israel, for approximately $200 million.


Palo Alto said Cyvera's approach to end-point security is revolutionary and simple: understand the techniques used to exploit networks then employ a series of roadblocks and traps to prevent an attacker from successfully exploiting that vulnerability. Cyvera claims its approach has been so powerful that they’ve successfully stopped every published zero-day attack since they first began deploying their product.

Cyvera will be combined with Palo Alto's next-generation firewall and its next-generation threat cloud/   represents the most innovative, integrated, and automated enterprise security platform in the market. As we bring this acquisition to a close we look forward to sharing many more details with you. Our two companies have had a longstanding relationship that’s only going to grow as we bring our technologies together to offer the most effective approach to protecting you from the most advanced cyber attacks.

"This event marks a key milestone in our strategic enterprise security vision.  It extends our next-generation security platform with a very innovative approach to preventing attacks on the endpoint.  It enables us to accelerate the delivery of the market’s only highly integrated and automated enterprise security platform spanning network, endpoints, and the cloud.  For customers, this translates into the most sophisticated and automated threat prevention for their entire organization," stated Mark McLaughlin, President and CEO of Palo Alto Networks.

https://www.paloaltonetworks.com/company/press/2014/palo-alto-networks-announces-agreement-to-acquire-cyvera.html
http://cyvera.com/paloaltonetworks/

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