14 DAY TRIAL // Palo Alto Networks has completed the acquisition of Israel-based cyber security company Cyvera Ltd. Palo Alto has paid around $200 million (€144 million) for the firm that was named a “cool vendor in security” by Gartner last year.
Cyvera specializes in solutions that protect enterprises against unknown and zero-day cyber threats. By acquiring it, Palo Alto wants to enhance its own enterprise security platform to provide customers with protection across the network, endpoint, and the cloud.
“Much like Palo Alto Networks set out to disrupt the network security market with its next-generation security platform, we founded Cyvera to revolutionize protection for the endpoint – one of the most vulnerable frontiers for cyber attacks,” Uri Alter and Netanel Davidi, co-founders and co-CEOs of Cyvera, said in a joint statement when the acquisition was announced back in March.
“We are pleased to join the Palo Alto Networks team and together help enterprise customers tackle the advanced threats they face today,” they added.
Cyvera, which has only 55 employees, has managed to come up with a unique approach to blocking unknown and zero-day threats on endpoints. The company’s solutions offer real-time prevention against all cyberattack techniques, making sure that the attack is mitigated before the malware gets the chance to run on the targeted system.