Palo Alto Networks to Acquire Cybersecurity Startup Secdo
The Israel-based company was founded by two alumnae of Unit 8200, the Israeli military's NSA equivalent
For daily updates, subscribe to our newsletter by clicking here.Secdo develops patented technology that combines endpoint detection and response (EDR) with security automation capabilities. Using a continuously recording sensor that is installed on a host, the company's analysis engine automatically correlates alerts from multiple sources with host forensic data to reveal the full context of alerts, allowing security teams to shorten incident response time and operate more efficiently.
The acquisition is expected to close during Palo Alto Networks’ fiscal third quarter, the company stated.
Israel has been the focus of several multinationals in the cyber sector in recent years. Palo Alto Networks acquired Tel Aviv-based Cyvera Ltd. in 2014 for $200 million and LightCyber last year for $105 million. In 2015, rival Check Point Software Technologies Ltd. acquired threat detection company Hyperwise and Tel Aviv-based startup Lacoon Mobile Security. Huawei acquired database security startup Hexatier for $42 million in 2016. Microsoft acquired enterprise security startup Aorato in 2014, cloud security company Adallom Inc. and data protection company Secure Islands Technologies Ltd. in 2015, and cybersecurity company Hexadite in June 2017. In November 2017, Continental AG has acquired Israel-based cybersecurity company Argus Cyber Security Ltd.