Technology powerhouse Palo Alto Networks is officially on a billion-dollar shopping spree in the cloud data security space.

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Palo Alto Networks is acquiring Talon Cyber Security for $625 million to enhance its product offerings in the enterprise cloud data security space. Talon's technology helps businesses deal with risks from unmanaged devices by providing a secure browser and data security controls. The acquisition allows Palo Alto to securely enable unmanaged devices to access enterprise apps and protect against malware, phishing, and keylogger-type attacks.

Palo Alto to Acquire Talon, Intensifying Competition in Cloud Data Security