Palo Alto Networks confirms cybersecurity company Cyvera buy

Summary:Rumors about a merger between the two started to sprout in February. Palo Alto Networks validified those suspicions with an official announcement today.

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Palo Alto Networks is acquiring Israeli cyber security company Cyvera.

Rumors about a merger between the two started to sprout in February. Palo Alto Networks validated those suspicions with an official announcement today.

With the deal expected to close during the second half of fiscal 2014, Palo Alto Networks has agreed to pay close to $200 million for Cyvera.

Palo Alto Networks shares were down by a little more than five percent on Monday morning.

Based in Tel Aviv, Palo Alto will be taking on Cyvera's team of 55 employees.

Cyvera produces endpoint solutions specifically geared to thwart Zero-Day attacks.

With the Zero-Day buffer in mind, Palo Alto Networks plans to use Cyvera's resources to extend its enterprise security platform to better cover everything across the network, endpoints, and the cloud.

Palo Alto Networks promised it would share more details about future plans for the Cyvera team once the acquisition is complete, but here's a hint of what's to come from Monday's announcement:

While there is a limitless supply of vulnerabilities and malware, attackers are relegated to the use of a small number of techniques they can employ to exploit those vulnerabilities. In fact, there are a few dozen techniques today that can be used with an average of 2-4 new techniques added each year. Cyvera’s approach is simple: understand the techniques then employ a series of roadblocks and traps to prevent an attacker from successfully exploiting that vulnerability.

Image via Palo Alto Networks/Cyvera

Topics: Security, Networking, Start-Ups, Tech Industry

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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