Palo Alto Networks is set to acquire Israeli software supply chain firm Cider Security in a deal being valued at $195m.
According to Security Week, the acquisition is expected to close in the second quarter of next year.
SC Media said such an acquisition would enable Palo Alto Networks to integrate the capabilities of Cider Security’s AppSec platform to make its Prisma Cloud offering the most comprehensive supply chain security solution, delivered as part of its code-to-cloud security platform.
Palo Alto also highlighted its continued investment in software supply chain security tools amid increasing cybersecurity threats.
In a note accompanying the acquisition disclosure, Palo Alto said it is investing in tools to secure the software supply chain.
The firm said, “The stakes are high when it comes to software supply chain security. A single insecure step or misconfigured tool can expose the entire organization.”
Guy Fletcher – CEO of Cider Security – said that the company’s AppSec platform has bolstered engineering agility without sacrificing overall security.
“There couldn’t be a better fit for Cider. By scanning and securing the CI/CD pipeline, we can help identify where there may be vulnerabilities in your code. Prisma Cloud will now be the ultimate solution for code-to-cloud security,” Fletcher said.
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
