All posts tagged: 625m

Confirmed: Palo Alto has acquired Talon Cyber Security, sources say for 5M

Confirmed: Palo Alto has acquired Talon Cyber Security, sources say for $625M

Published by skeptic

Palo Alto Networks has just confirmed one more major piece of security startup M&A out of Israel: it has acquired Talon Cyber Security, a specialist in building enterprise browsers for securing distributed workforces sources. Source say the deal is valued at $625 million. This is PA’s second Israeli security acquisition within a week: last Tuesday, Palo Alto Networks announced that it was scooping up cloud data specialist Dig Security, for a price that sources close to the deal tell TechCrunch was around $400 million. As with Dig, Talon will be integrated with Palo Alto’s Prisma cloud security division. We first reported that the two deals were in the works in September, after hearing for weeks beforehand that it was about to make some big acquisitions to beef up its security bench. Talon — cofounded by Ofer Ben-Noon and Ohad Bobrov — had raised around $143 million, with its investors including Team8 (a specialist cyber investor in Israel), Entrée Capital, Evolution Equity, LightSpeed, and Cyverse Capital. Sources tell us Talon was approached proactively and was not …

Wilko owed £625m when it collapsed, leaving pension fund £50m short | Wilko

Published by Sam

Wilko owed £625m when it collapsed, including £548m to unsecured creditors who will receive less than 8% of what they are owed, documents reveal. The budget homeware retailer’s pension fund is left more than £50m in deficit and is unlikely to receive more than £4m back from the breakup of the company, which called in the administrators PwC in August. The chain failed owing more than £400m, according to PwC’s report, which says the last of its near 400 stores will close on 8 October with almost 12,500 jobs lost. Unsecured creditors, who include suppliers, employees and the pension fund, will receive between 4% and 8% of what they are owed by the group’s main Wilko Ltd entity, whose debts total more than £460m, and less than 1% of that owed by its sister group. Suppliers, including the manufacturers GlaxoSmithKline, Proctor & Gamble and the logistics firm GXO, are owed more than £170m, while the tax authorities are owed more than £26m, the documents show. Secured creditors, led by the restructuring specialist Hilco, which was …