Palo Alto Networks closes Cyvera deal for $200M (finally)

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Cybersecurity vendor Palo Alto Networks finally made it official Monday: It has acquired Israeli-rooted security firm Cyvera for about $200 million.

I’m not sure what the holdup was but El Haaretz reported that the deal, worth about $190 million, was nearly done in mid February. At that time Palo Alto did not return calls for comment and Cyvera had no comment

In a statement, Palo Alto Networks CEO Mark McLaughlin said Cyvera “extends our next-generation security platform with a very innovative approach to preventing attacks on the endpoint.”

Some 55  Cyvera employees, including 37 engineers out of Israel, will join Palo Alto as part of this acquisition.

Cyvera, based in Tel Aviv, prides itself on its ability to find and stop “zero-day attacks” — those  for which there is no signature to look out for.

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