Palo Alto Networks To Acquire Israeli Cyber Firm Secdo
April 10, 2018 | Palo Alto Networks, a cybersecurity company founded by Israeli Nir Zuk, announced its intent to acquire Israeli cybersecurity firm Secdo, which develops solutions for enterprise security operations teams for quick incident responses. Secdo’s patented technology “uses assisted learning combined with the only thread-level visibility to automatically investigate and respond to every alert from any security technology,” the company says. The terms of the agreement were not disclosed. “Secdo’s team of elite engineers will complement the deep security expertise and innovation inside the Palo Alto Networks research and development organization,” Palo Alto Networks wrote in a statement. Mark McLaughlin, chairman and CEO of Palo Alto Networks said, “With Secdo’s EDR capabilities as part of our platform, we will accelerate our ability to detect and prevent successful cyber attacks across the cloud, endpoint, and network.” Secdo co-founder and CEO Shai Morag said the company “delighted to join the Palo Alto Networks team,” adding that Secdo, based in Ra’anana, was founded “to dramatically increase visibility for security operations teams to reduce the time it takes to detect and respond to an alert. The combined capabilities of Secdo and Palo Alto Networks will provide customers the capabilities they need to swiftly and accurately detect and respond to cyber attacks.” Palo Alto Networks previously acquired Isreali startup LightCyber in 2017 for $105 million and Cyvera, an Israel-based cyber firm for some $200 million in 2014. Earlier this year, the Santa Clara, California-based firm announced the opening of a new R&D center in Tel Aviv.