3rd June, 2019
1 Min read
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Palo Alto Networks is on a cloud security shopping spree as it builds out its new Prisma cloud security strategy. This week the company confirmed acquisitions of PureSec and Twistlock.
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PureSec, an Israeli startup founded in 2016, was created under the premise that serverless architecture demands a new approach to application security. Its serverless security tool aims to help its customers build, maintain, and secure serverless applications. PureSec co-founders Shaked Zin, Ory Segal, and Avi Shulman will join Palo Alto Networks as part of the acquisition.
The transaction value for the acquisition was not officially disclosed; however, Israeli business publication Globes reports the price tag is $60 million to $70 million. Meantime, Palo Alto Networks confirmed it will pay $410 million for container security firm Twistlock in an all-cash transaction.
Portland, Ore.-based Twistlock was founded in 2015 and most recently completed its Series C, bringing it to a total of $63 million in funding. It offers a container security platform and has 290 customers, 25% of which are in the Fortune 100. Palo Alto Networks reports Twistlock’s co-founders, Ben Bernstein and Dima Stopel, will also be joining the company following the close of the deal.
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