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Aussies sell their tech company to US giant for $5B

a day ago
https://www.afr.com/technology/aussies-sell-their-tech-company-to-us-giant-for-5b-20251124-p5nhv7
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  • #tech
  • #cybersecurity
  • #acquisition
  • Australian tech entrepreneurs sold their software monitoring company to Palo Alto Networks for over $5 billion.
  • Palo Alto Networks, with a market cap of over $125 billion, finalized the purchase of Chronosphere for $3.3 billion.
  • The acquisition is part of Palo Alto Networks' expansion into cloud security.
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