Palo Alto Networks has agreed to acquire online cloud threat security platform RedLock in a $173m deal.
As part of the deal, RedLock co-founders Varun Badhwar and Gaurav Kumar will join Palo Alto Networks.
Palo Alto Networks delivers threat defence across public cloud environments, helping businesses to keep compliance, govern security and boost operations. Its AI-powered solution correlates disparity security data sets to give a 360-view of the company, identify risks and accelerate responses.
Its solution supports compliance with CIS, GDPR, HIPAA, NIST, PCI and SOC 2.
In March, the company acquired another cybersecurity platform Evident.io, which has helped it to boost its API-based security solution.
The company will combine the Evident and RedLock technologies to offer its customers cloud security analytics, advanced threat detection, continuous security and compliance monitoring. These new services are expected to launch next early next year.
Through these new solution, it hopes to give security teams with the ability to respond quicker to critical threats by automating investigations and reports.
Palo Alto Networks chairman and CEO Nikesh Arora said, “We are thrilled to add RedLock’s technology to our cloud security offerings.
“The addition of their technologies allows us to offer the most comprehensive security for multi-cloud environments, including Amazon Web Services, Google Cloud Platform and Microsoft Azure, and significantly strengthens our cloud strategy going forward.” The cash deal is expected to close in the Palo Alto Networks fiscal first quarter.
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