Global cybersecurity company
Palo Alto Networks has announced its intention to acquire two companies: container security provider Twistlock and serverless security experts PureSec. Santa Clara, California-based Palo Alto Networks was established in 2005 and offers a range of cybersecurity products and services. These include firewall solutions, network security options, and threat and malware prevention packages. The company was in the news last year for its $300 million cash acquisition of Evident.io. Its latest acquisitions will allow Palo Alto Networks to “extend its Prisma cloud security strategy”.
Twistlock, which has headquarters in Portland, Oregon, United States was established in 2015. The company is the “leading provider of container and cloud-native cybersecurity solutions for the modern enterprise”. Its solutions are built for a range of technologies including containers and serverless solutions. They offer a number of features including automatic vulnerability management and firewall deployment.
PureSec is “a leader in serverless architectures security”. The company’s solutions allow companies to “detect, prevent and respond to suspicious activity and attacks” and support serverless vendors that include AWS Lambda, Google Cloud Functions, Azure Functions, and IBM BlueMix OpenWhisk.
The acquisitions will “further advance the company’s ability to offer the most complete and comprehensive cloud security suite in all critical areas of cloud security,” explained Palo Alto Networks’ website. Palo Alto Networks will make a cash payment of approximately $410 million for Twistlock, while financial details of its PureSec acquisition have yet to be released.
"Today marks another exciting step forward in our commitment to offering our customers the industry's most complete cloud security offering,” explained Palo Alto Networks’ chairman and CEO, Nikesh Arora. “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," he added.
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