Palo Alto Networks picks up Israeli endpoint protection startup Secdo for $100M
Palo Alto Networks Inc.’s acquisition spree is continuing apace. The security platform provider Tuesday picked up Israel-based endpoint protection startup Secdo Ltd. for a figure believed to be $100 million.
Founded in 2015, Secdo offers an enterprise incident response platform that promises security teams can investigate and remediate complex threats in minutes. The company’s IR platform automates endpoint forensic analysis and cybersecurity investigations to make security teams more effective, allowing teams to get the full story behind every alert and respond immediately with remediation tools.
In what won’t be a surprise to anyone who follows Israeli startups, the company’s founders, Gil Barak and Shai Morag, both served in the Israeli Army’s elite 8200 intelligence unit before starting Secdo. Described by Forbes as Israel’s “secret startup machine,” more than 1,000 companies have been founded by 8,200 alumni, including well-known names such as Waze (now owned by Google LLC), Check Point Software Technologies Ltd. and Mirabilis Ltd., the developer and owner of the ICQ messaging service.
“Secdo’s team of elite engineers will complement the deep security expertise and innovation inside the Palo Alto Networks research and development organization,” Palo Alto Networks said in a statement. Post-acquisition, Secdo’s platform will be integrated into the Traps and the Palo Alto Networks platform, feeding into the Logging Service to “give applications running in the Palo Alto Networks Application Framework greater precision to visualize, detect and stop cyberattacks.”
Secdo had raised at least $10 million, the value of a round in December 2016. Investors included Marius Nacht, O.G. Tech Ventures and Rafael Development Corp. The acquisition is expected to close during the third quarter, subject to the usual regulatory conditions.
A message from John Furrier, co-founder of SiliconANGLE:
Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Join the community that includes Amazon Web Services and Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts.
We are holding our third cloud startup showcase on Sept. 22. Click here to join the free and open Startup Showcase event.
We really want to hear from you, and we’re looking forward to seeing you at the event and in theCUBE Club.