Palo Alto Networks CEO Nikesh Arora Photo by Steve Jennings/Getty Images for TechCrunch

The cyber-security sector has been hot as of late. Israeli security company Deep Instinct recently inked a reported $150 million deal to secure HP laptops. FireEye also just announced its acquisition of McLean, Virginia based security startup Veridon for $250 million. Now, Palo Alto Networks has acquired Israeli cybersecurity firm Twistlock in a deal worth between $450 million-$500 million according to Globes.

Globes also reports that Palo Alto Networks is about to acquire another unidentified Israeli startup for between $50 million-$100 million. This isn’t surprising given Palo Alto’s history of acquiring cybersecurity startups. The company paid $300 million for Evident.io in March 2018, $173 million for RedLock in October last year and $560 million for Demisto earlier this year.

Palo Alto Networks founder & CTO Nir Zuk image: Palo Alto Networks

Twistlock will mark Palo Alto’s third acquisition since former Google and Softbank executive Nikesh Arora took over as CEO June last year. The Israeli cybersecurity company has raised $63 million in total funding according to Crunchbase data. Its backers include Dell Technologies, Polaris Ventures, Iconiq Capital, and YL Ventures.

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