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Palo Alto In Advanced Talks To Acquire Israeli Start-Up Cyvera For $200 Million

The data protection company will open an Israeli development center based on this acquisition.
Cyvera Founders
/ By Roy Goldenberg and Shmulik Shelach/
Palo Alto Networks Inc. (Nasdaq: PANW) is in advanced talks to acquire Cyvera Ltd. for $150-200 million, mostly in shares. Both companies are in the data protection and cyber business. Palo Alto Networks, founded by CTO Nir Zuk, wants to open an Israeli development center on the basis of this acquisition.
Reports about the acquisition appeared in early February, and the talks subsequently picked up and a deal is close. Cyvera declined to comment.

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