Palo Alto Networks, Accel Solutions Win Network Security Tender in Israel

MT Newswires Live03-11

Palo Alto Networks (PANW) and Accel Solutions Group said Wednesday that Accel's Danet Communications unit has won a major Israeli network security tender to supply cybersecurity products and services.

The engagement with an unidentified Israeli customer is set for three years with an option to extend for an additional three years, the companies said.

Cumulative revenue from the tender could range between 250 million new Israeli shekels ($80.5 million) to 500 million shekels over the full period, if extension options are exercised, the parties said.

The companies said no binding purchase orders have been received so far and the revenue estimate remains preliminary.

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