M&A Deal Summary

Zscaler Acquires Avalor

On March 14, 2024, Zscaler acquired information technology company Avalor for 350M USD

Acquisition Highlights
  • This is Zscaler’s 4th transaction in the Information Technology sector.
  • This is Zscaler’s largest (disclosed) transaction.
  • This is Zscaler’s 2nd transaction in Israel.

M&A Deal Summary

Date 2024-03-14
Target Avalor
Sector Information Technology
Buyer(s) Zscaler
Deal Type Add-on Acquisition
Deal Value 350M USD

Target

Avalor

Tel Aviv, Israel
Avalor is an AI company whose technology ingests, normalizes, and unifies data across enterprise security and business systems to deliver actionable insights, analytics, and operational efficiencies. Avalor was formed in 2022 and is based in Tel Aviv, Israel.

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Buyer(S) 1

Buyer

Zscaler

San Jose, California, United States

Category Company
Founded 2007
Sector Internet Software and Services
Employees2,020
Revenue 1.6B USD (2023)
DESCRIPTION

Zscaler enables major organizations to securely transform their networks and applications for a mobile and cloud-first world. Zscaler flagship services, Zscaler Internet Access, and Zscaler Private Access create fast, secure connections between users and applications, regardless of device, location, or network. Zscaler was founded in 2007 and is based in San Jose, California.


DEAL STATS #
Overall 8 of 8
Sector (Information Technology) 4 of 4
Type (Add-on Acquisition) 8 of 8
Country (Israel) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-14 Canonic Security

Tel Aviv, Israel

Canonic Security is a SaaS application security platform innovator designed to prevent organizations' growing risks of SaaS supply chain attacks. With the massive migration to the cloud, as organizations are adopting hundreds of SaaS platforms, their users are connecting thousands of third-party applications and browser extensions to their critical SaaS platforms like Atlassian Suite, Microsoft 365, Salesforce, Google Workspace, and Slack without IT’s permission. Corporate IT believes its critical data assets are stored and protected in enterprise-ready SaaS platforms. In reality, these assets are held in third-party drives, email clients, and chatbots, bringing data exposure and cyber risk to their SaaS supply chain. Its solution allows cybersecurity and IT teams to quickly gain visibility to this ungoverned surface area and streamline SaaS application governance and enforcement. Canonic Security is based in Tel Aviv, Israel.

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