Palo Alto Networks (NYSE: PANW), a Santa Clara, Calif.-based global cybersecurity company, entered into a definitive agreement to acquire RedLock Inc., a cloud threat defense company, for approximately $173m.
The acquisition is expected to close during Palo Alto fiscal first quarter, subject to the satisfaction of customary closing conditions.
RedLock co-founders Varun Badhwar and Gaurav Kumar, will join Palo Alto Networks.
Led by Nikesh Arora, chairman and CEO, Palo Alto Networks already provides a broad security offering for multi-cloud environments with inline, host-based, and API-based security, which was bolstered by the acquisition of Evident.io in March 2018.
The company currently serves more than 6,000 cloud customers globally with its cloud security portfolio that includes VM-Series next-generation firewall, Aperture, Evident, and GlobalProtect cloud service.
Now, the proposed acquisition will extend its leadership in cloud security. Palo Alto Networks will combine the Evident and RedLock technologies to provide customers with cloud security analytics, advanced threat detection, continuous security, and compliance monitoring in a single offering anticipated early next year.
FinSMEs
04/10/2018