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M&A
Palo Alto confirms Talon and Dig acquisitions
Next-gen Cybersecurity
Nov 6, 2023
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Next-gen Cybersecurity

Next-gen Cybersecurity

Nov 6, 2023

Palo Alto confirms Talon and Dig acquisitions

M&A

  • Palo Alto Networks, the Nasdaq-listed, diversified cybersecurity firm, has confirmed its intention to acquire secure enterprise browser startup Talon Cyber Security and cloud security vendor Dig Security, both based in Tel-Aviv, Israel.

  • Talon’s secure browser will be combined with Palo Alto’s Prisma SASE solution to enable remote access to enterprise assets from any device via the web, with consistent security controls across all endpoints and applications.

  • Dig Security focuses on data security posture management (DSPM) tooling, which Palo Alto says it plans to incorporate into its Prisma Cloud platform to offer a comprehensive code-to-cloud protection solution.

  • The company has not disclosed the particulars of either acquisition, though unofficial reports put the Dig Security acquisition between USD 300 million–400 million, while the Talon deal is reported to be around ~USD 625 million.

  • Analyst QuickTake: Rumors of the Talon and Dig Security deals first began circulating in September 2023, and the acquisitions will be Palo Alto’s first and second in over nine months, having previously acquired 13 companies since 2018. The confirmation of these deals also mark a continuing trend of cybersecurity heavyweights acquiring Israeli startups, including CrowdStrike acquiring ASPM firm Bionic , Tenable ’s acquisition of identity-focused cloud security company Ermetic , and Check Point ’s acquisition of Atmosec .

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