M&A Deal Summary

Palo Alto Networks Acquires Cider Security

On November 17, 2022, Palo Alto Networks acquired software company Cider Security for 195M USD

Acquisition Highlights
  • This is Palo Alto Networks’ 3rd transaction in the Software sector.
  • This is Palo Alto Networks’ 8th largest (disclosed) transaction.
  • This is Palo Alto Networks’ 4th transaction in Israel.

M&A Deal Summary

Date 2022-11-17
Target Cider Security
Sector Software
Buyer(s) Palo Alto Networks
Deal Type Add-on Acquisition
Deal Value 195M USD

Target

Cider Security

Tel Aviv-Yafo, Israel
website
Cider Security is a provider of an application security (AppSec) and software supply chain security. Cider Security is based in Tel Aviv-Yafo, Israel.

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Buyer(S) 1

Buyer

Palo Alto Networks

Santa Clara, California, United States

website


Category Company
Founded 2005
Sector Technology Hardware
Employees27,864
Revenue 5.5B USD (2022)
DESCRIPTION
Palo Alto Networks' corporate headquarters in Santa Clara, California.
Palo Alto Networks' corporate headquarters in Santa Clara, California.

Palo Alto Networks is a cybersecurity company that provides a range of security products and services to businesses and organizations. The company's products include network security, cloud security, and endpoint protection, among others. Palo Alto Networks was founded in 2005 and is headquartered in Santa Clara, California.


DEAL STATS #
Overall 16 of 18
Sector (Software) 3 of 3
Type (Add-on Acquisition) 16 of 18
Country (Israel) 4 of 6
Year (2022) 1 of 1
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Bridgecrew

San Francisco, California, United States

Bridgecrew is a developer-first cloud security company. Bridgecrew is a pioneer in shift left, focusing on infrastructure as code (IaC), where infrastructure configuration is codified during development. The company's developer-first IaC security platform offers developers and DevOps teams a systematic way to enforce infrastructure security standards throughout the development lifecycle.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-31 Dig Security

Israel

Dig Security is a provider of data security posture management (DSPM). Dig Security was founded in 2021 and is based in Tel Aviv-Yafo, Israel.

Buy -