California - based cybersecurity company plc has reached an agreement to purchase Israeli zero trust network access firm Meta Networks for $ 120 m . The US corporation is looking to expand its cloud - based protection service with the acquisition of the smaller company 's Network - as - a - Service platform , which replaces on - site cybersecurity with cloud - native , zero trust access control and internet protection solutions , giving organisations strict control over access to their applications . The acquisition , which is expected to close in Q2 2019 , includes $ 111 m in assets and roughly $ 9 m in common stocks and options ; it will see Proofpoint growing its Israeli portfolio with 20 further technical contributors .
California-based cybersecurity company Proofpoint has reached an agreement to purchase Israeli zero trust network access firm Meta Networks for $120m. The US corporation is looking to grow its cloud-based protection service with the acquisition of the smaller company's Network-as-a-Service platform, which replaces on-site cybersecurity with cloud-native, zero trust access control and internet security solutions, giving organisations strict control over access to their applications. The acquisition, which is expected to close in Q2 2019, includes $111m in cash and roughly $9m in common stocks and options; it will see Proofpoint growing its Israeli team with 20 further technical contributors.