December 28, 2023 at 12:12PM
Palo Alto Networks has completed the acquisition of Israeli startup Talon Cyber Security, known for its secure browser technology. The deal valued at $625 million aims to integrate Talon’s technology into Palo Alto’s suite to enhance security for both managed and unmanaged devices. The move aligns with Palo Alto’s zero-trust principles and aims to provide data security controls natively in the browser.
Key takeaways from the meeting notes:
– Palo Alto Networks has successfully completed the acquisition of Talon Cyber Security, an Israeli startup offering secure browser technology for enterprise clients.
– The acquisition, originally announced in November 2023, was finalized for a reported $625 million. Talon had previously amassed approximately $125 million through various funding rounds and had gained recognition for its software addressing risks from unmanaged devices.
– Palo Alto Networks plans to integrate Talon’s enterprise browser technology into its Secure Access Service Edge (SASE) suite, with the goal of securing both managed and unmanaged devices using zero-trust principles.
– Anand Oswal, Palo Alto’s vice president, emphasized the current inadequacies of existing approaches to securing unmanaged devices and highlighted the potential of Talon’s technology to address this gap, providing security for unmanaged device access to enterprise applications and protection from various security threats.
– Nikesh Arora, chairman and CEO of Palo Alto Networks, expressed excitement about welcoming Talon to the organization and outlined plans to extend Talon’s Enterprise Browser technology to eligible SASE AI customers at no additional cost.
– The acquisition occurred in the context of increased market competition, with Microsoft’s recent entry with its own product promising integrated enterprise-grade security and manageability features.