Palo Alto Networks intends to buy startup Talon Cyber

-Palo Alto Networks said it intends to buy Israeli startup Talon Cyber Security, as it looks to beef up its cyber security offering to enterprises.

Founded in 2021, Talon provides secure browser and security tools to manage access to client servers from third-party and personal devices.

Financial terms of the deal were undisclosed.

Talon is valued at US$600 million ($924 million) to US$700 million ($1.08 billion), The Information reported, citing two people familiar with the matter.

The acquisition proposal follows a series of investments by Palo Alto in Israeli firms, which includes various buyouts of local companies since 2012.

Most recently, it agreed to acquire Israeli cloud security startup Dig Security for an undisclosed amount.

Talon’s CEO Ofer Ben-Noon described Palo Alto as an “ideal partner,” according to the press release.

Talon did not immediately respond to a Reuters request for comment.

The Tel Aviv-based startup raised US$100 million in its series A funding round in August 2021, led by Evolution Equity Partners with participation from CrowdStrike’s CEO George Kurtz.

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AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

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