This is the fourth Israeli company that Symantec has bought in the last two years, with the US firm having acquired Fireglass, a company that built technology for browser isolation, for US$250 million in July 2017.
The same week, Symantec bought Skycure, which produces technology to protect mobile devices, for US$250 million. And in May 2018, Symantec acquired Javelin Networks, a private company that produces technology to defend against attacks targeting Microsoft's Active Directory.
"Now and in the future, we anticipate more and more corporations will operate their business on infrastructure that is managed by multiple third parties such as Azure, AWS and Google," said Greg Clark, president and chief executive, Symantec, following the finalisation of the Luminate deal.
"Secure and private access is a cornerstone of cyber defence. We are excited to partner with the Luminate team and look forward to rapid delivery of this unique capability to our customers and continuing to provide quantifiable value to their cloud journey."
"As a partner, our integrations with Symantec were successful in reducing complexity and increasing security for joint customers," said Ofer Smadari, chief executive, Luminate Security.
"With this next step, we look forward to fully integrating across the entire portfolio and delivering even more innovation to offer complete security for the cloud generation."
Please note this article has been corrected to reflect the fact that Luminate is the fourth Israel-based company to be purchased by Symantec in the last two years.