Palo Alto Systems (New york stock exchange: PANW), the worldwide cybersecurity leader, announced today it has completed its purchase of RedLock Corporation., a cloud threat defense company. For Palo Alto Systems, the transaction will extend its cloud security leadership.
"Using the mixture of RedLock and our existing cloud security choices, we're well-positioned to resolve our customers' hardest challenges of securing a mobile workforce, protecting the general public cloud and stopping advanced threats," stated Nikesh Arora, Chief executive officer of Palo Alto Systems. "Since announcing the transaction, our integration planning teams happen to be trying to combine the strengths of both companies in order to bring a built-in offering to promote rapidly."
Palo Alto Systems already supplies a broad security offering for multi-cloud environments with inline, host-based and API-based security, bolstered through the purchase of Apparent.io in March 2018. The organization presently serves greater than 6,000 cloud customers globally using its cloud security portfolio which includes VM-Series next-generation firewall, Aperture, Apparent, and GlobalProtect cloud service.
Palo Alto Systems will combine the Apparent and RedLock technologies to supply customers with cloud security analytics, advanced threat recognition, continuous security, and compliance monitoring in one offering anticipated early the coming year. The organization expects the new offering allows security teams to reply faster towards the most important threats by replacing manual investigations with automated, real-time removal and reports that highlight an organization's cloud risks.
Palo Alto Systems compensated roughly $173 million in cash, excluding purchase cost adjustments, to get RedLock.
About Palo Alto Systems
We're the worldwide cybersecurity leader, noted for always challenging the safety established order. Our mission would be to safeguard our method of existence within the digital age by stopping effective cyberattacks. It has provided us with the privilege of securely enabling thousands of organizations as well as their customers. Our pioneering Security Operating Platform emboldens their digital transformation with continuous innovation that seizes the most recent breakthroughs in security, automation, and analytics. By delivering a real platform and empowering an increasing ecosystem of change-makers like us, we offer impressive and innovative cybersecurity across clouds, systems, and cellular devices.
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Forward-Searching Statements
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