– Palo Alto Networks stated it means to purchase Israeli start-up Talon Cyber Security, as it aims to intensify its cyber security providing to business.
Established in 2021, Talon offers protected internet browser and security tools to handle access to customer servers from third-party and individual gadgets.
Monetary regards to the offer were concealed.
Talon is valued at US$ 600 million ($ 924 million) to US$ 700 million ($ 1.08 billion), The Info reported, pointing out 2 individuals knowledgeable about the matter.
The acquisition proposition follows a series of financial investments by Palo Alto in Israeli companies, that includes numerous buyouts of regional business given that 2012.
Most just recently, it consented to obtain Israeli cloud security start-up Dig Security for a concealed quantity.
Talon’s CEO Ofer Ben-Noon explained Palo Alto as an “perfect partner,” according to journalism release.
Talon did not instantly react to a Reuters ask for remark.
The Tel Aviv-based start-up raised US$ 100 million in its series A financing round in August 2021, led by Advancement Equity Partners with involvement from CrowdStrike’s CEO George Kurtz.