Avalor, an Israeli startup developing a platform for managing enterprise data assets, announced today that it has been acquired by Zscaler, a leading American cyber company, for $350 million. This is Zscaler’s third purchase in Israel.
Avalor was founded in 2022 by Raanan Raz and Kafir Tashvi. The company’s platform allows organizations to easily connect all their data assets, whether it’s personnel management software, security tools or other systems. In this way, Avalor helps information security professionals to analyze the mountains of information easily and quickly, and to make better decisions regarding the protection of the organization.
Zscaler, which has a market value of about $30 billion, plans to use Avalor’s capabilities to enable its customers to prioritize threats more effectively. “The acquisition of Avalor will enable us to provide our customers with a more holistic view of security risks,” said CTO Zscaler. “This is a strategic acquisition that will help us continue to lead the cloud security market.”
Avalor has 80 employees, all of whom are expected to join Zscaler. For Zscaler, this is its third acquisition in Israel after acquiring Canonic Security and Trustdome.
Comments:
Raanan Raz, CEO of Avalor: “We are excited to join Zscaler, a leading cyber company in the world. We believe that the combination of our technologies will allow us to provide our customers with a more comprehensive and effective security solution.”
CTO Zscaler: “The acquisition of Avalor will allow us to provide our customers with a more holistic picture of security risks. This is a strategic acquisition that will help us continue to lead the cloud security market.”
