Palo Alto Networks (NYSE: PANW), a Santa Clara, Calif.-based global cybersecurity company, is to acquire Aporeto Inc., a machine identity-based microsegmentation company.
Under the terms of the deal, Palo Alto Networks will pay approximately $150m in cash to acquire Aporeto, subject to customary adjustments.
The acquisition, expected to close during Palo Alto Networks fiscal second quarter, subject to the satisfaction of customary closing conditions, will further strengthen the company’s Cloud Native Security Platform delivered by Prisma™ Cloud.
Co-founded by Dimitri Stiliadis and Satyam Sinha, who will join Palo Alto, Aporeto identifies workloads and applies microsegmentation across all infrastructures, allowing customers to secure their applications at scale.
Its solution will be integrated with Palo Alto Networks’ cloud security suite featuring a broad set of capabilities in all critical areas of cloud security.