September 05 - 18:09
70D
Palo Alto Networks to snap up IoT security firm Zingbox for $75m
Cybersecurity powerhouse Palo Alto Networks has announced it intends to acquire Zingbox - an IoT security startup - for $75 million. Zingbox joins PureSec, Twistlock and Demisto as newly acquired young companies absorbed by Palo Alto Networks, which is modernising its position rapidly via M&A. Palo Alto's stock wobbled on the news before rising sharply on the back of strong quarterly results.
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