Palo Alto Networks to Acquire Two firms

Palo Alto Networks has announced that it has entered into a deal to acquire container security company Twistlock, and serverless security company called PureSec to extend its Prisma cloud security strategy.

Prisma is a service that helps Palo Alto client’s journey to the cloud by providing organisations with visibility through the entire cloud environment.

Nikesh Arora, Chairman and CEO of Palo Alto Networks said, “Today marks another exciting step forward in our commitment to offering our customers the industry’s most complete cloud security offering.”

He also stated, “We believe that our acquisition of these leading companies will significantly enhance our ability to be the cybersecurity partner of choice for our customers, while expanding our capabilities and strengthening our Prisma cloud security strategy.”

To acquire Twistlock, Palo Alto Networks will pay around $410 million in cash, subject to adjustments.

Ben Bernstein, Co-founder and CEO of Twistlock said, “Our vision for a cloud-native security platform is a natural fit with Palo Alto Networks cloud strategy.”

He added, “We have liked-minded teams, and we’re looking forward to accelerating our ability to serve customers and partners on their cloud-native journey together.”

PureSec’s Co-founders, Shaked Zin, Ory Segal, and Avi Shulman will join Palo Alto Networks.

Shaked Zin, the Co-founder and CEO of PureSec said, “PureSec’s vision has always been to ensure that all serverless applications will be secured at the very highest level.”

He further added, “By joining forces with Palo Alto Networks, we will undoubtedly be able to make that a reality much faster. We are humbled and excited about this opportunity.”

The company said that both acquisitions are expected to complete during Palo Alto Networks’ fiscal fourth quarter, subject to the satisfaction of regulatory approvals and other customary closing conditions.

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