Representation of Claltech in the sale of its ~10% interest in LightCyber

By Eran Yaniv & Liat Halperin & Asaf Gabay | Jan 2017 | Transaction

We represented Claltech in the sale of its interest in LightCyber Ltd., a privately held cybersecurity company, in connection with the US$105 Million acquisition of LightCyber by Palo Alto Networks, Inc., a leading security company publically traded on the NYSE. Consideration consisted of cash and common stock of Palo Alto. Additional $17.5M paid in the form of RSUs to certain employees of LightCyber who accepted employment with Palo Alto.
LightCyber has been leading the industry in the development of automated behavioral analytics capabilities, using sophisticated machine learning to identify attacks based on identifying behavioral anomalies inside the network.

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