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Palo Alto Networks set to acquire Aporeto

Palo Alto Networks will pay approximately $150 million in cash to acquire Aporeto.

November 26, 2019 / 08:33 PM IST
Representative image

Representative image

Palo Alto Networks, a global cybersecurity company, announced that it has entered into a definitive agreement to acquire Aporeto, a machine identity-based microsegmentation company. Under the terms of the agreement, Palo Alto Networks will pay approximately $150 million in cash to acquire Aporeto, subject to customary adjustments. The acquisition is expected to close during Palo Alto Networks fiscal second quarter, subject to the satisfaction of customary closing conditions.

Palo Alto Networks provides the most complete cloud security suite in the industry, with a broad set of capabilities in all critical areas of cloud security. The proposed acquisition of Aporeto will further strengthen the company's Cloud Native Security Platform delivered by Prisma Cloud.

Aporeto identifies workloads and applies microsegmentation across all infrastructures, helping customers secure their applications at scale. The company was recognized as a Gartner Cool Vendor in Cloud Security in 2018 and named to the 2019 CNBC Upstart 100 list. Aporeto co-founders Dimitri Stiliadis and Satyam Sinha have agreed to join Palo Alto Networks.
Moneycontrol News
first published: Nov 26, 2019 08:33 pm

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