Palo Alto Networks Completes Acquisition of LightCyber

Brings Award-Winning Automated Behavioral Analytics to the Palo Alto Networks Next-Generation Security Platform

SANTA CLARA, California, Feb. 28, 2017 /PRNewswire/ -- Palo Alto Networks^® (NYSE: PANW), the next-generation security company, today announced its acquisition of LightCyber^®, a privately held cybersecurity company that has developed award-winning, highly automated and accurate behavioral analytics technology. Under the terms of the agreement, Palo Alto Networks has acquired LightCyber for $105 million in cash.

Recognized by Gartner in two recent market guides*, LightCyber has been leading the industry in the development of automated behavioral analytics capabilities, using sophisticated machine learning to quickly, efficiently and accurately identify attacks based on identifying behavioral anomalies inside the network.  

Palo Alto Networks will continue to offer the LightCyber products and support existing customer implementations while it engineers the technology into the Palo Alto Networks Next-Generation Security Platform by the end of the calendar year. Bringing behavioral analytics to the platform will enhance its automated threat prevention capabilities and the ability for customer organizations to prevent cyber breaches throughout the entire attack life cycle.     

QUOTES:

• "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. 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." 
  • Mark McLaughlin, chairman and CEO of Palo Alto Networks
• "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."
  • Gonen Fink, CEO of LightCyber    

Automated Attack Behavior Analytics Enhances Breach Prevention