Palo Alto Networks, the global cybersecurity leader announced that they have entered in definitive agreement to acquire the Twistlock, provider for container security, and PureSec, a leader in Serverless security that is all set to extend its Prisma cloud security strategy. The defensively proposed acquisition is all set to advance further the solutions with the ability to offer comprehensive cloud security suite for all the critical areas around the cloud security. Prisma, a cloud security strategy that is being used by more than 9,000 customers worldwide assisting the enterprises in securing a journey to the cloud, it provides organizations with visibility across the entire cloud environment. The environment is all set to provide organizations with improved accessibility, protecting data, and security applications across the globe.
With the acquisition of Puresec and Twistlock, it will enable the Palo Alto Networks to secure today’s applications for the entire life cycle that enables the business to deliver innovations that are secure, scalable and reliable. Nikesh Arora, chairman, and CEO at Palo Alto Networks said in a statement that today we have taken one of the exciting steps when it comes to our commitment of offering our customers the industry complete cloud security offering. It will significantly enhance our ability to be the cybersecurity partner of choice for our customers.
With newly signed agreements, Palo Alto Networks will pay approx. $410 million in cash, subject to adjustments to acquire Twistlock. The container security leader provides vulnerability management, compliance, and run time defense solution for containers in cloud-native applications and workloads. PureSec provides serverless security, enabling its customers to build and maintain secure and reliable serverless applications. It provides end-to-end security for serverless functions that cover vulnerability management, threats during runtime, and access permissions. PureSec was recently recognized by Gartner as a Cool Vendor in April 2019. Both acquisitions are expected to be closed by Palo Alto Networks during the Fourth Fiscal Quarter.