Palo Alto Networks® (New york stock exchange: PANW), the worldwide cybersecurity leader, today announced it has joined right into a definitive agreement to get RedLock Corporation., a cloud threat defense company. Underneath the the agreement, Palo Alto Systems pays roughly $173 million in cash to get RedLock. The purchase is anticipated to shut during Palo Alto Systems fiscal first quarter, susceptible to the satisfaction of customary closing conditions. RedLock co-founders Varun Badhwar and Gaurav Kumar, will join Palo Alto Systems.
Palo Alto Systems already supplies a broad security offering for multi-cloud environments with inline, host-based, and API-based security, that was 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 can help security teams respond faster towards the most important threats by replacing manual investigations with automated, real-time removal and reports that highlight an organization’s cloud risks.
About RedLock
RedLock provides effective threat defense across public cloud environments to assist organizations ensure compliance, govern security, and let security operations. The RedLock Cloud 360™ platform takes an AI-driven approach that correlates disparate security data sets to supply comprehensive visibility, identify threats, and let rapid response across an organization’s entire public cloud atmosphere.
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 an increasing ecosystem of change-makers like us, we offer impressive and innovative cybersecurity across clouds, systems, and cellular devices.
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