Palo Alto Networks is set to pay $150m in cash to buy Aporeto, which had raised nearly $35m from investors including Comcast, Symantec, Telia and National Grid.
Cybersecurity software producer Palo Alto Networks agreed on Monday to acquire Aporeto, a US-based network security technology developer backed by corporates Comcast, National Grid, Symantec and Telia, for $150m in cash.
Founded in 2015, Aporeto has built a zero-trust cybersecurity platform that automatically protects hybrid and multi-cloud environments from being hacked.
The software authenticates, authorises and encrypts each workload with a cryptographically-signed identity independently of the network configuration and at scale, rather than relying on IP addresses or static access…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
