SANTA CLARA, Calif.,
June 13, 2019 /PRNewswire/
-- Palo Alto Networks (NYSE: PANW), the global
cybersecurity leader, announced today that it has completed its
acquisition of PureSec, a leader in serverless security, to extend
its Prisma™ cloud security strategy.
"With the addition of PureSec to our Prisma cloud security
suite, we will be well positioned to help organizations accelerate
their journey to the cloud," said Nikesh
Arora, chairman and CEO of Palo Alto Networks. "We are
excited to welcome PureSec to Palo Alto Networks. The integration
of PureSec into Prisma will strengthen our ability to secure
serverless applications and deliver greater protections across
multiple cloud environments."
PureSec, a visionary serverless security company, enables
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 addition of PureSec will further advance Palo Alto Networks
in its ability to offer the most complete and comprehensive cloud
security suite. With PureSec, Palo Alto Networks will be uniquely
positioned to secure serverless applications throughout the entire
life cycle, significantly reducing the attack surface.
Terms of the PureSec transaction were disclosed in Palo Alto
Networks third quarter fiscal 2019 quarterly report on Form
10-Q.
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.
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.
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 the expected benefits of
the acquisition of PureSec to us, our market position, and our
customers, the expected impact of the acquisition on our offerings,
our expectations regarding our existing and acquired offerings
performing as intended, and our integration plans. 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 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 May 30, 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.