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Application Security

5/29/2019
02:00 PM
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Palo Alto Networks Said to Buy Twistlock

Reports in Israel-based business publications say Palo Alto Networks has reached a deal to purchase the container security startup, as well as another Israeli security startup.

Business publications in Israel are reporting that Palo Alto Networks has reached a deal to purchase container security startup Twistlock and another unnamed security company, also based in Israel.

According to the reports, Palo Alto Networks will pay between $450 million to $500 million for 4-year-old Twistlock, based in Herzliya, Israel.

The news, which has not yet been confirmed by either Palo Alto Networks or Twistlock, comes on the same day Palo Alto Networks announced its new Prisma cloud security suite. Prisma combines existing, renamed Palo Alto products and newly acquired offerings into a comprehensive set of products intended to provide complete security for a customer's cloud infrastructure.

Analysts expect the Twistlock and other rumored acquisition will be significant sources of questions at Palo Alto Networks' quarterly earnings call, scheduled for later today.

Read more here and here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

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RyanSepe
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RyanSepe,
User Rank: Ninja
5/31/2019 | 9:40:25 AM
Pretty Good Return
450-500M is a pretty good return for a 4 year old company. I wonder the amount of capital that was originally put in by TwistLock over the course of that 4 year period.
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