---
title: 'Another week, another Portland startup acquisition. This one for nearly half a billion dollars. All in cash.'
date: '2019-05-29T22:06:24-07:00'
type: post
word_count: 483
char_count: 3737
tokens: 628
categories:
  - Acquisitions
  - Oregon
  - Portland
tags:
  - acquired
  - Portland
  - security
  - Startup
  - twistlock
---

# Another week, another Portland startup acquisition. This one for nearly half a billion dollars. All in cash.

There has been a recent spate of acquisitions here in Portland. Some Portland companies acquiring. Some Portland companies getting acquired. This is one of the latter. [With recent Portland transplant Twistlock getting acquired for $410 million](https://www.prnewswire.com/news-releases/palo-alto-networks-announces-intent-to-acquire-two-companies-to-extend-its-cloud-security-leadership-300858595.html).

> Under the terms of the agreement, Palo Alto Networks will pay approximately $410 million in cash, subject to adjustments, to acquire Twistlock. Twistlock, the container security leader, combines vulnerability management, compliance, and runtime defense for cloud-native applications and workloads. The company serves more than 290 customers, with more than a quarter on the Fortune 100 list. Twistlock co-founders, Ben Bernstein and Dima Stopel, will join Palo Alto Networks.

Needless to say, there was coverage. So here’s your roundup.

### CRN: [Palo Alto Networks To Buy Cloud Security Startups Twistlock, PureSec](https://www.crn.com/news/security/palo-alto-networks-to-buy-cloud-security-startups-twistlock-puresec)

> The Santa Clara, Calif.-based platform security giant said it will pay $410 million to buy Portland, Ore.-based Twistlock, while terms of the PureSec acquisition are not being disclosed. Adding Twistlock and Tel Aviv, Israel-based PureSec to the Palo Alto Networks Prisma cloud security suite will put the company in a unique position to secure modern applications throughout their entire lifecycle.

### GeekWire: [Palo Alto Networks shells out $410M for Portland’s Twistlock and its container security technology](https://www.geekwire.com/2019/palo-alto-networks-shells-410m-portlands-twistlock-container-security-technology/)

> Twistlock is headquartered in downtown Portland, but it does a lot of its engineering work in Israel, which has a well-deserved reputation in the tech world for producing top-notch cybersecurity companies and engineers. Palo Alto Networks also announced Wednesday that it had acquired PureSec, an Israel-based security company focused on serverless computing.

### Portland Business Journal: [Palo Alto Networks acquires Portland cybersecurity startup for $410M](https://www.bizjournals.com/sanjose/news/2019/05/29/palo-alto-networks-acquires-portland-cybersecurity.html?page=all)

> Twistlock was founded in 2015 and has raised a total of $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. Prior to the headquarters shift, the company had a growing Portland office with several executives out of fellow Portland software-maker Puppet.

### Techcrunch: [Palo Alto Networks to acquire container security startup Twistlock for $410M](https://techcrunch.com/2019/05/29/palo-alto-networks-to-acquire-container-security-startup-twistlock-for-410m/)

> Twistlock has raised a little over $63 million, according to Crunchbase data, so that price tag presumably gives its investors quite a nice rate of return, but Palo Alto probably sees what everyone else is seeing, and having a container security piece in its toolkit is going to be a highly valuable asset.

### The Oregonian: [Newly arrived Portland startup Twistlock sells for $410 million](https://www.oregonlive.com/silicon-forest/2019/05/newly-arrived-portland-startup-twistlock-sells-for-410-million.html)

> Twistlock, an online security startup that moved its headquarters to Portland just last summer, sold Wednesday for $410 million in cash. It’s among the biggest deals ever for a young Portland tech company.