Palo Alto Networks (NYSE: PANW) acquired Morta Security, a cyber security startup.
The financial terms of the transaction were not disclosed.
Based in Silicon Valley and led by Raj Shah, CEO, Morta Security operated in stealth mode since 2012. Backers included Andreessen Horowitz, Greylock Partners, Norwest Venture Partners and Data Collective.
The acquisition aims to allow Palo Alto Networks to improve its market position as a provider of next-generation enterprise security. It provides enterprises with the ability to enable applications and detect and prevent threats, especially those that use an increasingly sophisticated array of tactics to compromise networks and gain access to valuable intellectual property.
Morta Security brings to Palo Alto Networks a team experienced at protecting national infrastructure as well as technologies that enhance the proven detection and prevention capabilities of the Palo Alto Networks WildFire™ offering, which is already used by more than 2,400 customers.
FinSMEs
08/01/2014