Palo Alto Networks opens new office in Tel Aviv
New site to house development teams and other functions, which are expected to see growth, US cybersecurity firm says
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Cybersecurity firm Palo Alto Networks is opening a new office and research and development site in Tel Aviv, as its local research team in Israel has “grown significantly” in the past three and a half years.
The Santa-Clara, California-based Palo Alto Networks started operations in Israel in 2014 after it acquired Cyvera; it bought LightCyber in 2017. The new offices will house over 200 employees in development, customer support, sales, DevOps, IT, HR, facilities and finance, the company said in a statement.
Tel Aviv is the only research and development site for Palo Alto Networks outside of its global headquarters in Santa Clara.
The teams in Israel and in the US are expected to grow “significantly” in the coming year, the company said.
“Over the last ten years, our growth has been fueled by the ingenuity, skills, and commitment of our global teams, who remain focused on maintaining trust in the digital age by preventing successful cyberattacks. Our Israel-based team has played a pivotal role here and will continue to do so,” said Mark McLaughlin, chairman and chief executive officer of Palo Alto Networks.
Multinational tech firms have been making a home for themselves in Israel, through designing their own towers, renting office space in new structures, or renovating old ones. SAP, the German software giant, last year set up its new $67 million local headquarters in Raanana, while Facebook and Microsoft are also planning to move into new offices in Israel.
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