Cybersecurity startup Twistlock is being acquired by Santa Clara-based Palo Alto Networks for $410 million, according to an announcement from Palo Alto Networks.
Palo Alto Networks announced in May that it had entered into definitive agreements to acquire the Portland-based company, which has an office in Baton Rouge at Innovation Park.
The move adds Twistlock’s technology, which focuses on securing IT infrastructure tools to Palo Alto Networks’ Prisma cloud security product.
Twistlock, founded in 2015, has raised a $63.1 million from investors. Last year, on the heels of a $33 million raise the company moved its headquarters from San Francisco to Portland, Portland Business Journal reports. Twistlock opened its Baton Rouge office in 2018, and the company’s chief technology officer, John Morello, is an LSU graduate.
The company was expected to hire about 20 people for its Baton Rouge location with the state offering Twistlock Digital Interactive Media and Software Development tax credits to secure the deal.
Neither Twistlock nor Palo Alto Networks representatives could be reached for comment prior to this afternoon’s deadline.