Palo Alto Networks close to buying Talon Cyber Security for $600M-$700M – report

Palo Alto Networks (NASDAQ:PANW) is near a deal to purchase an Israeli cyber security startup for $600 million to $700 million.

Palo Palto (PANW) is close to acquiring Talon Cyber Security in an agreement that may be annouced as soon as Monday, according a report in The Information, which cited people familiar with the matter.

Palo Alto (PANW) on Tuesday announced it was buying cloud security start-up Dig Security for a reported $400 million.

Tel-Aviv based Talon has raised $126 million from backers including Lightspeed Venture Partners and Team8, including $100 million in a Series A fundraising round it announced in August of las year.

Palo Alto (PANW) is scheduled to report Q1 results on Nov. 15.