Palo Alto Networks Bolsters Security Portfolio with $625M Talon Cyber Security Acquisition

Palo Alto Networks, Inc PANW has agreed to acquire Talon Cyber Security, a pioneer of Enterprise Browser technology, for $625 million. 

Talon's Enterprise Browser provides a cutting-edge solution that, combined with Prisma SASE, will enable users to access business applications from any device securely.

Talon, cofounded by Ofer Ben-Noon and Ohad Bobrov, had raised $143 million, with its investors including Team8 (a specialist cyber investor in Israel), Entrée Capital, Evolution Equity, LightSpeed, and Cyverse Capital.

Lee Klarich, Chief Product Officer for Palo Alto Networks "Talon enables organizations to secure all work activity via an Enterprise Browser, without touching the personal usage of the device or impacting user privacy."

Last Tuesday, Palo Alto Networks disclosed snapping cloud data specialist Dig Security for $400 million, TechCrunch reports.

Palo Alto Networks held $2.39 billion in cash and equivalents as of July 31.

Price Action: PANW shares traded lower by 2.50% at $237.45 on the last check Monday.