Palo Alto Networks acquires Israeli cyber security firm Cyvera in $200M deal
Palo Alto Networks has purchased Israel-based cyber security firm Cyvera, TechCrunch reported.
The price tag for the deal which is set to close in the second half of this year is $200 million. The Israeli startup was backed with a $13 million investment from Battery Ventures, Blumberg Capital, Prof. Ehud Weinstein and Dr. Ofir Shalvi. The acquisition marks the second for the Santa Clara, California-based company which had also acquired Morta Security early in the year, the report said.
Cyvera safeguards in real-time the threats made to enterprises, governments and service providers through its TRAPS or Targeted Remote Attack Prevention System. TRAPS is a 16-point system of controls that does not block or track or even determine the attacks that is encountered by the system. Rather, it makes obstacles that halt or at the very least slow the intruders to the point that they can be wiped out before they reach important servers, the report said.
In the announcement about the acquisition, Palo Alto Networks said, "Cyvera is an absolute standout. They've come up with a completely different approach: one that will forever change the endpoint security industry. While there is a limitless supply of vulnerabilities and malware, attackers are relegated to the use of a small number of techniques they can employ to exploit those vulnerabilities."
Cyvera's method works since the time they rolled out their product, they have stopped all published zero-dayattacks without fail.
Palo Alto Network's hardware and software targets new kinds of attacks like malware for those who are accessing the web through laptops or other mobile devices. More than just providing traditional firewalls for email or web browsing, Palo Alto's products also protect against modern threats like botnet and phishing attacks. Their integration with Cyvera is expected to create one of the most powerful enterprise security platforms today, the report said.