Palo Alto Networks buys Secdo for $100 million
12 April 2018 | Natalie Bannerman
Palo Alto Networks, the US-based information security firm, is said to have acquired Israeli cyber-security startup Secdo for $100 million.
Earlier this week Palo Alto Networks announced its intention to buy the Israeli firm with a closing date of Q3 2018, subject to the usual closing conditions, but Haaretz, the Israeli newspaper, reports that the transaction has already taken place.
The deal is set to bring sophisticated endpoint detection and response (EDR) capabilities, which includes data collection and visualisation, to Palo Alto Networks’ Traps advanced endpoint protection. As well as providing the application framework needed to quickly detect and stop cyber-attacks.
"We believe security operations teams need the most advanced and consistent approach to endpoint security. With Secdo's EDR capabilities as part of our platform, we will accelerate our ability to detect and prevent successful cyberattacks across the cloud, endpoint, and network," said Mark McLaughlin, chairman and CEO of Palo Alto Networks.
In addition, Secdo’s team of engineers will complement the security expertise and innovation of the existing Palo Alto Networks research and development team.
Founded in 2015 by Shai Morag and Gil Barak, two veterans of the Israeli army intelligence corps technology unit, Secdo’s offering is unique in that it offers thread-level approach to data collection and visualisation. Traditional EDR methods in comparison, only collect general event data, forcing security operations teams to try and reconstruct each step of an attack and distinguish malicious activity from normal.
Once the solution is integrated with Traps Palo Alto Networks platform, the data will feed into the Secdo’s logging service and enable applications running within the Palo Alto Networks application framework the precision required to visualise and stop cyber-attacks.
Commenting on the news, Shai Morag, co-founder and CEO of Secdo, said: "We are delighted to join the Palo Alto Networks team. We founded Secdo to dramatically increase visibility for security operations teams to reduce the time it takes to detect and respond to an alert. The combined capabilities of Secdo and Palo Alto Networks will provide customers the capabilities they need to swiftly and accurately detect and respond to cyberattacks."