Israel-based browser-based startup Talon Cyber Security has recently been acquired by the networking giant Palo Alto Networks. Palo Alto Networks has been actively integrating new technology into its existing products. Remarkably, this acquisition was not hindered by the ongoing conflict between Israel and Hamas terrorists. The acquisition is expected to be finalized by February of the following year.
Palo Alto Networks purchased Talon Cyber Security for $615 million, and all 130 employees are slated to transition to Palo Alto’s payroll by December of this year, pending a smooth process. Both founders, Ohad Bobrov and Ofer Ben-Noon, will continue to lead their respective teams.
This acquisition followed the successful integration of technology from Dig Security into Palo Alto’s Santa Clara-based Prisma Cloud Platform.
Founded in 2021, Talon offers cutting-edge enterprise browser-based technology integrated with Prisma SASE, aimed at protecting enterprise applications from potential threats originating from connecting devices.
In a time when many international firms were hesitant to invest in businesses operating in Israel due to the ongoing conflict, Palo Alto Networks demonstrated its commitment to expanding its business by acquiring Talon Cyber Security.
It’s worth noting that Jim Cramer’s recent focus on explaining stock market statistics and his suggestions to competitors about buying Palo Alto Networks are not directly related to this acquisition.