Palo Alto Networks acquires security company LightCyber for $105M
Enterprise security company Palo Alto Networks has acquired LightCyber, a privately held cybersecurity company for $105 million in cash. The company plans to continue to offer the LightCyber products and support existing customer implementations while engineering the technology into their security platform by the end of the calendar year.
LightCyber develops automated behavioral analytics capabilities, using sophisticated machine learning to quickly, efficiently and accurately identify attacks based on identifying behavioral anomalies inside the network.
“The LightCyber team’s vision to bring automation and machine learning to bear in addressing the very difficult task of identifying otherwise undetected and often very sophisticated attacks inside the network is well-aligned with our platform approach,” said Mark McLaughlin, Chairman and CEO, Palo Alto Networks.“This technology will complement the existing automated threat prevention capabilities of our platform to help organizations not only improve but also scale their security protections to prevent cyber breaches,” explained McLaughlin. Bringing behavioral analytics to the platform will enhance Palo Alto Networks’ automated threat prevention capabilities and the ability for customer organizations to prevent cyber breaches throughout the entire attack life cycle.
“Palo Alto Networks has been driving a paradigm shift in the security industry with its natively engineered and highly automated Next-Generation Security Platform designed to change the equation in how organizations prevent cyber breaches. We are pleased to join the Palo Alto Networks team, combining our technology innovations and accelerating adoption of behavioral analytics to help organizations bolster their defenses against the advanced and sophisticated adversaries they are facing today,” said Gonen Fink, CEO, LightCyber.