March 24 Security software maker Palo Alto
Networks Inc said it agreed to buy privately-held
Israeli cybersecurity company Cyvera for about $200 million to
expand its offerings that protect businesses from cyber attacks.
Palo Alto said the deal would close in the second half of
its fiscal year 2014.
Palo Alto said Cyvera's software - which protects businesses
from cyber threats by blocking unknown, zero-day attacks - would
help its customers to safely enable applications and protect
them against threats on any device, across any network.
Zero-day cyber attacks exploit a vulnerability in computer
systems and networks known only to the attacker.
Tel Aviv-based Cyvera has 55 employees, Palo Alto said.
(Reporting by Soham Chatterjee in Bangalore; Editing by Kirti