Palo Alto has acquired Israel's Twiistock for more than $ 400 million
Posted on May 29, 2019 by Ifi Reporter - Dan Bielski
Palo Alto has acquired Israel's Tavistock for an estimated $ 400 million. So far, the Israeli company has raised $ 63 million from venture capital funds YL Ventures, Polaris Ventures, Realty Ventures, TenEleven and Dell Technologies Capital.
Twistlock specializes in the security of virtual containers used for software development. Palo Alto is one of the largest competitors of Israeli company Check Point, and is listed on the New York Stock Exchange.
Twistlock was founded in 2015 by Bernstein and Dima Stopel, who serves as vice president of technologies at the company. It has developed a first-of-its-kind enterprise security solution for virtual containers, capable of addressing server and cloud server risks within the container, enabling organizations to enforce security policies, monitor activity, identify and isolate threats in a single container environment or group of containers. Twistlock has branches in New York, Portland, San Francisco and Herzliya. The company employs more than 100 people, most of them at the company's center in Herzliya.
Container field is a new and developing field in the world of development and cyber. The Israeli company has developed a technology that enables monitoring of suspicious activity and neutralizing threats, while providing a complete solution for large organizations, so that they can adopt container technology more easily. According to the company, the technology it developed is the first to succeed in identifying what really happens inside a container or within a cluster of containers, and indicates exactly who is accessing which processes and which virtual servers. The solution enables sophisticated testing of static containers and runtime containers, enabling organizations to adopt container technologies such as Docker. In the container market, Aqua Security, which develops container-based defense applications, also operates.
Among the founders of Palo Alto Networks was Nir Tzuk, a former senior executive at Check Point. This is the company's fifth acquisition in Israel - a purchase that makes it one of the largest investors in the Israeli cyber. Earlier this year, Palo Alto acquired Damisto, which develops security systems designed to support information security teams, in a huge deal worth hundreds of millions of dollars. In April 2018, it acquired the company Scudo for about $ 100 million; In 2014, LightSaver acquired $ 105 million; And in 2014 it acquired Cybra for $ 200 million.
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