Palo Alto to Acquire Talon, Intensifying Competition in Cloud Data Security 

Palo Alto to Acquire Talon, Intensifying Competition in Cloud Data Security 

November 6, 2023 at 12:30PM

Palo Alto Networks is making big moves in the cloud data security space. After acquiring Dig Security for $400 million, they plan to spend $625 million to buy Talon Cyber Security. These acquisitions aim to strengthen Palo Alto’s product offerings and compete with rivals like Cisco. Talon’s browser technology will be integrated into Palo Alto’s Secure Access Service Edge (SASE) suite to secure all devices and enable secure access to enterprise apps, protecting against attacks.

The meeting notes discuss technology powerhouse Palo Alto Networks’ recent acquisitions in the cloud data security space. Palo Alto announced plans to purchase data security posture management startup Dig Security for approximately $400 million and enterprise browser company Talon Cyber Security for $625 million. These acquisitions are part of Palo Alto’s efforts to compete with rival Cisco and strengthen its product offerings in enterprise cloud data security.

Talon Cyber Security, an Israeli startup, has raised $125 million in funding and offers a secure browser for enterprise customers. The plan is to integrate Talon’s enterprise browser technology into Palo Alto’s Secure Access Service Edge (SASE) suite, allowing for the secure access of managed and unmanaged devices with zero-trust principles. This technology aims to address the challenges of securing unmanaged devices and protect enterprise apps from malware, phishing, and keylogger-type attacks. Additionally, it provides data security controls within the browser to prevent data exfiltration and facilitates onboarding new users with a single sign-on integration framework across devices and operating systems.

Palo Alto’s decision to invest in the enterprise browser space coincides with Microsoft’s entry into the market with a product that offers native browsing integrated with enterprise-grade security and manageability features. Microsoft’s move is seen as disruptive to the startup ecosystem, as it automatically rolls out to billions of customers using Entra ID (formerly Azure Active Directory).

These developments highlight Palo Alto Networks’ commitment to expanding its cloud data security capabilities and competing in the rapidly evolving market.

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