Palo Alto Networks® announces agreement to acquire Cyvera

 

April 2, 2014Palo Alto Networks® (NYSE: PANW), has announced a definitive agreement to acquire Cyvera, a privately held cybersecurity company located in Tel-Aviv, Israel.  Under the terms of the agreement, Palo Alto Networks will acquire all of the outstanding capital stock of Cyvera for an aggregate purchase price of approximately $200 million (USD). The acquisition is expected to close during the second half of fiscal 2014, subject to customary closing conditions and regulatory reviews.

Named a cool vendor in security by Gartner in 2013 (“Cool Vendors in Security: Infrastructure Protection 2013”)*, Cyvera, which has 55 employees, has developed a highly innovative offering that protects enterprises from cyber threats by using a unique approach to block unknown, zero-day attacks on the endpoint.

The addition of this unique capability to the Palo Alto Networks enterprise security platform will extend customers’ ability to safely enable applications and protect users against known and unknown cyber threats on any device, across any network. Read more ❯