Palo Alto Networks to Buy Secdo for $100 Million
11 April, 2018
Secdo was founded in 2015 and has developed a new methodology to automate the most difficult and time-consuming aspects of incident response: Investigation of alerts and remediation of threats
Palo Alto Networks from Santa Clara, California, entered into a definitive agreement to acquire Israel-based Secdo. The deal brings sophisticated Endpoint Detection and Response (EDR) capabilities to Palo Alto Networks Traps endpoint protection and the Application Framework to enhance their ability to rapidly detect and stop cyber attacks.
Secdo was founded in 2015 by former elite military cyber unit experts from IDF. Its mission is to fix a fundamental problem: The traditional Incident Response methodology cannot scale anymore and has become incapable of dealing effectively with the growing cyber challenges. Secdo has developed a new methodology that automates the most difficult and time-consuming aspects of incident response, the investigation of alerts and remediation of threats would have to take its place.
Since it was founded it had raised approximately $11 million from a group of investors, including Rafael’s investment fund, RDC. The financial details of the deal were undisclosed, but industry sources estimated it as a $100 million deal. RDC reported it will receive $18 million. RDC holds 22% equity in Secdo.
Secdo’s team (Photo above) will join the Palo Alto Networks research and development organization ant its technology will be integrated with Traps and the Palo Alto Networks platform to give applications running in the Palo Alto Networks Application Framework greater precision to visualize, detect and stop cyberattacks.