Palo Alto Networks To Acquire RedLock
This week Palo Alto Networks announced its plans to acquire cloud security provider RedLock Inc. for approximately $173 million in cash. With the acquisition expected to be finalized in Palo Alto Networks' first fiscal quarter, RedLock cofounders Varun Badhwar and Gaurav Kumar will join the company.
Back in March 2018, Palo Alto Networks acquired Evident.io, which helped fortify the cybersecurity vendor's offerings for multi-cloud environments with inline, host-based, and API-based security, according to the announcement. VM-Series next-generation firewall, Aperture, Evident and GlobalProtect cloud service, are all part of the company's current "cloud security portfolio," serving more than 6,000 customers globally.
The company plans to combine RedLock and Evident technologies "to provide customers with cloud security analytics, advanced threat detection, continuous security, and compliance monitoring in a single offering anticipated early next year."
"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," said Nikesh Arora, chairman and CEO of Palo Alto Networks, in a prepared statement.
The new offering is expected to assist in faster response times for security teams, allowing them to replace manual investigations into critical threats with "automated, real-time remediation and reports that highlight an organization's cloud risks."
You can find more details about the proposed acquisition here.
Wendy Hernandez is group managing editor for the 1105 Enterprise Computing Group.