Palo Alto Networks, Inc. acquired Morta Security, Inc. from Andreessen Horowitz, Data Collective, Greylock Partners, Norwest Venture Partners, Data Collective, Larry Link, and Peter Wagner for $10.3 million.
January 06, 2014 at 05:00 am
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Palo Alto Networks, Inc. (NYSE:PANW) acquired Morta Security, Inc. from Andreessen Horowitz, Data Collective, Greylock Partners, Norwest Venture Partners, Data Collective, Larry Link, and Peter Wagner for $10.3 million on December 26, 2013. Palo Alto withheld $2.5 million for Morta's indemnification obligations. Wilson Sonsini Goodrich & Rosati acted as legal advisor for Palo Alto Networks. Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP acted as legal advisor to Morta Security, Inc.
Palo Alto Networks, Inc. (NYSE:PANW) completed the acquisition of Morta Security, Inc. from Andreessen Horowitz, Data Collective, Greylock Partners, Norwest Venture Partners, Data Collective, Larry Link, and Peter Wagner on December 26, 2013.
Palo Alto Networks, Inc. specializes in the development and implementation of IT security solutions for the enterprise. The group's activity is organized around three divisions:
- managed security services: data center management and storage of data in the cloud, data backup and recovery process management, real-time management and monitoring of IT infrastructure and applications, etc.;
- development of cybersecurity solutions: software solutions for detecting threats and intrusions, protecting against malicious programs, securing data, networks and computer systems (antivirus, anti-spam, web filtering, firewalls, etc.);
- security consulting services: training and updates on threats before, during and after attacks, risk management, etc.
Net sales are distributed geographically as follows: America (68.5%), Europe/Middle East/Africa (19.7%) and Asia/Pacific (11.8%).
Palo Alto Networks, Inc. acquired Morta Security, Inc. from Andreessen Horowitz, Data Collective, Greylock Partners, Norwest Venture Partners, Data Collective, Larry Link, and Peter Wagner for $10.3 million.
PALO ALTO NETWORKS, INC. 
