Palo Alto Networks nearing deal for Israeli startup Apiiro for $600M: report
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Palo Alto Networks (NASDAQ:PANW) is nearing a deal to acquire Israeli cybersecurity startup Apiiro for approximately $600M, Calcalist reported.
The news outlet noted that the firm has raised $35M in funding so far, including venture capital heavyweights such as Greylock Partners and Kleiner Perkins.
Palo Alto Networks (PANW) shares had fractional gains in mid-day trading on Monday.
The company did not immediately respond to a request for comment from Seeking Alpha.
Last week, Palo Alto Networks (PANW) enacted a 3-for-1 stock split after announcing its plans in August.