Cyber security firm Symantec planning to buy the Israeli brand Fireglass to improve its cyber defense mechanism for its clients. The announcement was made this Thursday, though the financial details of the deal are yet to be disclosed.While announcing this acquiring deal, the Symantec CEO Mr. Greg Clark was quoted as saying ”Integrating Fireglass’ isolation technology with Symantec’s existing endpoint, email and secure web gateway solutions could reduce security events by as much as 70 percent, while virtually eliminating advanced threats spread by web browsing or email content.”

While announcing this acquiring deal, the Symantec CEO Mr. Greg Clark was quoted as saying ”Integrating Fireglass’ isolation technology with Symantec’s existing endpoint, email and secure web gateway solutions could reduce security events by as much as 70 percent, while virtually eliminating advanced threats spread by web browsing or email content.”

Following the ongoing trend among enterprise tech vendors, these days Symantec is busy acquiring other firms to improve and upgrade its cybersecurity portfolio. In this context, it is relevant mentioning, back in November last year Symantec bought LifeLock – the ‘consumer identity theft protection’ service provider for $2.3 billion. Prior to that, it closed a deal of $4.6 billion to acquire Blue Coat.

According to highly placed sources, the Fireglass deal was closed as long back as in the third quarter of the 2017 financial year. The Tel Aviv -based Fireglass works with some 40 employees and is a pioneer in a specialized cyber security area called “browser isolation.” This ground-breaking technology allows creating virtual websites and allows users to browse through any content without the risk of virus contamination. The “browser isolation” technology is helpful not only for financial institutions and healthcare firms but also for the telecommunication industry and government sector.

Israel is already a hotbed in cyber security with near about 500 reliable organizations across the country. Industry veterans opine that the deal will provide an excellent opportunity to Symantec to set its footprint in Israel.