California Based Cybersecurity company Palo Alto Networks announced last week that it will acquire Israeli cybersecurity company Secdo for $100 million.
The Israeli cyber firm is known for its sophisticated endpoint detection in addition to its data collection and visualization capabilities.
Chairman and CEO of Palo Alto Networks, Mark McLaughlin, explained how Secdo’s unique cyber capabilities will strengthen his company,
“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.”
According to a press release from the California-based cyber company, the acquisition should be complete by the third quarter of this fiscal year.