Palo Alto Networks this week announced that it has entered a definitive agreement to acquire Israel-based incident response firm Secdo. Financial terms of the deal have not been disclosed, but some reports say Palo Alto is prepared to pay $100 million.
According to Palo Alto Networks, endpoint detection and response (EDR) capabilities obtained as a result of the Secdo acquisition will be used to improve the Palo Alto Networks Traps endpoint protection product and the Application Framework.
Secdo’s collection and visualization system will feed rich data to Palo Alto’s Logging Service in order to give applications running on the Application Framework greater precision, the companies said.
Secdo has raised a total of $11 million since it was founded in 2014 by security experts from Israel’s famous 8200 intelligence unit.
Israeli media claims to have learned from sources close to Secdo that Palo Alto Networks has agreed to pay $100 million, mostly in cash.
“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 cloud, endpoint, and the network,” said Mark McLaughlin, chairman and CEO of Palo Alto Networks.
Palo Alto Networks expects to complete the acquisition in the third fiscal quarter.