A data security startup led by a Microsoft and Google veteran and backed by Samsung and CrowdStrike could soon be acquired by Palo Alto Networks. The company is in advanced talks to buy data security posture management startup Dig Security for between $300 million and $400 million.
Palo Alto Networks' stock price has been on the rise on the back of strong earnings and growing demand for cybersecurity services, and now the company is
Palo Alto Networks' stock price has been on the rise on the back of strong earnings and growing demand for cybersecurity services, and now the company is using that momentum to do a little shopping. TechCrunch has confirmed with multiple sources that Palo Alto is in advanced negotiations to buy not one, but two, security startups out of Israel for around $1 billion altogether to expand its portfolio of services. Specifically, it is looking at Talon Cyber Security which has developed an enterprise browser aimed at security distributed workforces for between $600 million and $700 million; and Dig Security a specialist in securing data across public clouds for between $300 million and $400 million.
Last year's winner of RSA Conference's prestigious Innovation Sandbox contest could soon be acquired by Palo Alto Networks, according to Calcalist. The platform security behemoth is in advanced negotiations to purchase enterprise browser startup Talon Cyber Security for $600 million, Calcalist said.