Palo Alto Networks is to buy Israeli endpoint security specialist Cyvera for $200m in the latest deal within the security sector.
The deal has been agreed by both Palo Alto and Cyvera's executive teams and is expected to close in the second half of this year, pending regulatory approval. The deal will see Palo Alto integrate Cyvera's advanced endpoint defence technologies into its enterprise security platform.
Mark McLaughlin, CEO of Palo Alto Networks, said the combination of technologies will let the company offer customers holistic security against advanced threats.
"This event marks a key milestone in our strategic enterprise security vision. It extends our next-generation security platform with a very innovative approach to preventing attacks on the endpoint," he said.
"It enables us to accelerate the delivery of the market's only highly integrated and automated enterprise security platform spanning networks, endpoints and the cloud. For customers, this translates into the most sophisticated and automated threat prevention for their entire organisation."
Cyvera currently has 55 employees. A Palo Alto spokeswoman told V3 all the Cybera employees have been offered a role with the company.
Despite the lack of detail Cyvera has welcomed the move. The firm said it will allow the companies to become industry leaders in the growing advanced threat mitigation market.
"Much like Palo Alto Networks set out to disrupt the network security market with its next-generation security platform, we founded Cyvera to revolutionise protection for the endpoint – one of the most vulnerable frontiers for cyber attacks. We are pleased to join the Palo Alto Networks team and together help enterprise customers tackle the advanced threats they face today."
The news comes during a wider shift by Palo Alto to bolster its next-generation threat-mitigation offering. Palo Alto Networks released a new next-generation firewall called the PA-7050 in February.
Palo Alto is one of many security firms to acquire an endpoint security specialist in recent months. Competitor FireEye acquired endpoint security firm Mandiant in a $1bn deal earlier in January.
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