SANTA CLARA, Calif.,
May 29, 2019 /PRNewswire/
-- Palo Alto Networks (NYSE: PANW), the global cybersecurity
leader, today announced that it has entered into definitive
agreements to acquire Twistlock, the leader in container security,
and PureSec, a leader in serverless security, to extend its Prisma™
cloud security strategy.
These proposed acquisitions will further advance the company's
ability to offer the most complete and comprehensive cloud security
suite in all critical areas of cloud security. Prisma, used by
approximately 9,000 customers worldwide, helps enable a secure
journey to the cloud by providing organizations with visibility
across the entire cloud environment while consistently governing
access, protecting data, and securing applications regardless of
location. With the additions of Twistlock and PureSec to the Prisma
cloud security suite, Palo Alto Networks will be uniquely
positioned to secure today's modern applications throughout the
entire life cycle, enabling organizations to deliver innovations
that are secure, reliable, and scalable.
"Today marks another exciting step forward in our commitment to
offering our customers the industry's most complete cloud security
offering. We believe that our acquisition of these leading
companies will significantly enhance our ability to be the
cybersecurity partner of choice for our customers, while expanding
our capabilities and strengthening our Prisma cloud security
strategy."
~ Nikesh Arora, chairman and CEO,
Palo Alto Networks
Twistlock: Leading Container Security Company
Under the terms of the agreement, Palo Alto Networks will pay
approximately $410 million in cash,
subject to adjustments, to acquire Twistlock. Twistlock, the
container security leader, combines vulnerability management,
compliance, and runtime defense for cloud-native applications and
workloads. The company serves more than 290 customers, with more
than a quarter on the Fortune 100 list. Twistlock co-founders,
Ben Bernstein and Dima Stopel, will join Palo Alto Networks.
"Our vision for a cloud-native security platform is a natural
fit with Palo Alto Networks cloud strategy. We have liked-minded
teams, and we're looking forward to accelerating our ability to
serve customers and partners on their cloud-native journey
together."
~ Ben Bernstein, co-founder and CEO, Twistlock
PureSec: Pioneering Serverless Security
Company
PureSec is a technology visionary in serverless security.
PureSec enables its customers to build and maintain secure and
reliable serverless applications. The company provides end-to-end
security for serverless functions that cover vulnerability
management, access permissions, and runtime threats. The company
was recognized as a Gartner Cool Vendor in April 2019. PureSec co-founders, Shaked Zin,
Ory Segal, and Avi Shulman, will join Palo Alto Networks. Terms
of the PureSec transaction were not disclosed.
"PureSec's vision has always been to ensure that all serverless
applications will be secured at the very highest level. By joining
forces with Palo Alto Networks, we will undoubtedly be able to make
that a reality much faster. We are humbled and excited about this
opportunity."
~ Shaked Zin, co-founder and CEO, PureSec
Both acquisitions are expected to close during Palo Alto
Networks fiscal fourth quarter, subject to the satisfaction of
regulatory approvals and other customary closing conditions.
About Twistlock
Trusted by more than 25% of the Fortune 100, Twistlock is the
world's first truly comprehensive cloud native security platform,
providing holistic coverage across hosts, containers, and
serverless in a single platform. Twistlock is cloud-native and
API-enabled itself, protecting all your workloads regardless of
what underlying compute technology powers them.
About PureSec
As a global leader in serverless architectures security, PureSec
enables its customers to build and maintain secure and reliable
serverless applications. PureSec's end-to-end serverless security
solution is the industry's first and most comprehensive security
protection for serverless architectures.
About Palo Alto Networks
Palo Alto Networks, the global cybersecurity leader, is shaping the
cloud-centric future with technology that is transforming the way
people and organizations operate. Our mission is to be the
cybersecurity partner of choice, protecting our digital way of
life. We help address the world's greatest security challenges with
continuous innovation that seizes the latest breakthroughs in
artificial intelligence, analytics, automation, and orchestration.
By delivering an integrated platform and empowering a growing
ecosystem of partners, we are at the forefront of protecting tens
of thousands of organizations across clouds, networks, and mobile
devices. Our vision is a world where each day is safer and more
secure than the one before. For more information visit
www.paloaltonetworks.com.
Palo Alto Networks, Prisma, and the Palo Alto Networks logo are
trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions
throughout the world. All other trademarks, trade names, or service
marks used or mentioned herein belong to their respective
owners.
Forward-Looking Statements
This press release contains "forward-looking" statements that are
based on our management's beliefs and assumptions and on
information currently available to management. Such forward-looking
statements include statements regarding our intention to acquire
Twistlock and PureSec, expectations regarding the timing of when
the acquisitions will be completed, the expected benefits of each
acquisition of Twistlock and PureSec to us, our market position,
and our customers, the expected impact of the acquisitions on our
offerings, our expectations regarding our existing and acquired
offerings performing as intended, our integration plans, and the
Twistlock and PureSec members of management expected to join us.
These forward-looking statements are subject to the safe harbor
provisions created by the Private Securities Litigation Reform Act
of 1995. There are a significant number of factors that could cause
actual results to differ materially from statements made in this
press release, including risks associated with new product and
subscription releases, including our limited operating history;
risks associated with managing our rapid growth; our ability as an
organization to successfully integrate both Twistlock and PureSec
and acquire and integrate other companies, products or technologies
in a successful manner; the risks associated with new products and
subscription and support offerings, including the discovery of
software bugs; our ability to attract and retain new customers;
delays in the development or release of new subscription offerings,
or the failure to timely develop and achieve market acceptance of
new products and subscriptions as well as existing products and
subscription and support offerings; rapidly evolving technological
developments in the market for network security products and
subscription and support offerings; length of sales cycles; and
general market, political, economic and business conditions.
Additional risks and uncertainties are included under the captions
"Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations," in our quarterly
report on Form 10-Q filed with the Securities and Exchange
Commission ("SEC") on February 27,
2019, which is available on our website at
investors.paloaltonetworks.com and on the SEC's website at
www.sec.gov. Additional information will also be set forth in other
filings that we make with the SEC from time to time. All
forward-looking statements in this press release are based on
information available to us as of the date hereof, and we do not
assume any obligation to update the forward-looking statements
provided to reflect events that occur or circumstances that exist
after the date on which they were made or to update the reasons why
actual results could differ materially from those anticipated in
the forward-looking statements, even if new information becomes
available in the future.
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SOURCE Palo Alto Networks, Inc.