This acquisition, which represents Zscaler's third in Israel, according to Calcalist, demonstrates the company's continued dedication to growing its technological prowess and global reach. Zscaler, a market leader with a market valuation of about $30 billion and 7,000 employees, is well-known for its all-encompassing cloud security solutions. It currently brings in roughly $2 billion a year. Conversely, Avalor, which came out of stealth mode in April of last year, has created a name for itself in the cybersecurity market by concentrating on data solutions that support enterprise security.

This acquisition serves two purposes: one, to improve Zscaler's Zero Trust Exchange cloud security platform; and second, to keep developing Avalor's cutting-edge data solutions. The $350 million transaction shows how strategically significant Avalor's technology is in enhancing Zscaler's capacity to process massive amounts of data and offer threat intelligence.

Zscaler is primarily focused on offering cloud-based security solutions that shield customers, wherever they may be, from online threats.

A key component of the company's services is the Zero Trust Exchange platform, which provides safe access to both internal and cloud-based apps. The development of a Data Fabric for Security, a system that integrates, normalizes, and unifies data from diverse enterprise security and business systems, is Avalor's area of competence. This technology improves operational efficiencies and decision-making processes by providing actionable insights and analytics.

Both businesses are starting a new chapter as a result of the transaction, with Avalor functioning as a stand-alone division within Zscaler. This agreement will allow Zscaler to greatly improve its cloud security platform in addition to facilitating the ongoing development of Avalor's data solutions. It is also anticipated that Avalor would bring on scores of new hires, highlighting the expansion prospects that this acquisition offers.

Avalor's successful fundraising efforts, which included a $25 million Series A investment led by TCV and Salesforce Ventures, are included in the acquisition's further details. This demonstrated the industry's faith in Avalor's technology and mission, coming after a $5 million Seed round.

"For Avalor and Zscaler, this is a critical time," stated Jay Chaudhry, CEO of Zscaler. We are redefining enterprise security by fusing our Zero Trust Exchange with Avalor's state-of-the-art data solutions. With this acquisition, we can now process enormous volumes of data and provide our clients with real-time, AI-driven analytics and decision-making tools.