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Sabre expects to receive approximately $960 million in net proceeds after taxes and fees once the deal wraps.
Funding for a cybersecurity program considered important for the sector was nearly lost before an extension was reached.
CEO John Giamatteo said the company witnessed another quarter of strong financial performance from all three divisions, namely QNX, Secure Communications and Licensing.
Palo Alto will provide the NHL network security with its next-generation firewalls, cloud security, and artificial intelligence-powered security operations.
With cybersecurity attacks mounting, companies are spending more money on defensive measures; these firms are among the leaders in the industry poised to gain.