Santa Clara, Calif.-based security company Palo Alto Networks (NYSE: PANW) acquired LightCyber, a Ramat Gan, Israel-based cybersecurity company that has developed automated behavioral analytics technology, for $105m in cash.
Led by Gonen Fink, CEO, LightCyber is developing a new category of IT security infrastructure called Behavioral Attack Detection which finds the attackers that circumvent legacy threat prevention systems. Founded in 2011 and, the company’s products have been deployed by top-tier customers around the world in the financial, legal, telecom, government, media and technology sectors.
Following the deal, Palo Alto Networks will continue to offer the LightCyber products and support existing customer implementations while it engineers the technology into its security platform by the end of the calendar year.
Led by Mark McLaughlin, chairman and CEO, Palo Alto Networks has combined network, cloud and endpoint security into an integrated platform that delivers automated prevention against known and unknown cyberattacks. The company has more than 37,500 customers in 150+ countries across multiple industries.