Paloalto Networks, a global security company, has decided to acquire Israeli security startup Cider Security for $300 million, Israeli media Kalalist reported on the 17th (local time).
The deal will be officially announced on the 17th.
Calculist first reported on negotiations between the two companies last month. The deal will be officially announced on the 17th, Calculist said.
Cider Security is a company that develops the AppSec operating system and has attracted $38 million in investment so far.
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The Cider Security platform provides an integrated view of the entire engineering ecosystem, enabling security teams to understand all engineering environments.
The company explained that the Sider Security platform allows security teams to optimize security and achieve resilience to the entire CI/CD pipeline from code to deployment.
Palo Alto Networks has acquired seven Israeli startups so far, according to Calcalist. In 2017, it acquired LightSyver for $150 million and in 2018, it acquired Secdo for $100 million. In 2019, Tweetslok was acquired for $410 million, PureSec for $100 million, and Demisto for $500 million, continuing its attack. In February 2021, it acquired BridgeCrew Technologies.