SANTA CLARA, Calif.,
July 9, 2019 /PRNewswire/
-- Palo Alto Networks (NYSE: PANW), the global
cybersecurity leader, announced today that it has completed its
acquisition of Twistlock, the leader in container security, to
extend its Prisma™ cloud security strategy. This acquisition will
further advance the company's ability to secure today's modern
applications throughout the entire life cycle, enabling
organizations to deliver innovations that are secure, reliable, and
scalable.
"As a growing number of organizations move their business to the
cloud, developers increasingly rely on cloud-native technologies
such as containers and serverless infrastructure to accelerate the
development, testing, and deployment of modern applications and
services," said Nikesh Arora, CEO of
Palo Alto Networks. "We are excited to welcome Twistlock to Palo
Alto Networks. With Twistlock's market-leading container security
capabilities, we are more confident than ever in our ability to
enable a secure journey to the cloud for our customers."
Twistlock combines vulnerability management, compliance, and
runtime defense for cloud-native applications and workloads. The
company serves more than 300 customers, with more than a quarter of
those on the Fortune 100 list. Twistlock co-founders, Ben Bernstein and Dima
Stopel, will join Palo Alto Networks. Twistlock will
continue to be available as a standalone product and will also be
integrated into Prisma Public
Cloud.
Containers are a fast-growing software development
infrastructure option. The technology packages code,
configurations, and dependencies, enabling organizations to deliver
software more quickly and easily.
Palo Alto Networks paid approximately $410 million in cash,
excluding purchase price adjustments, to acquire Twistlock. The
company announced another addition to its Prisma cloud security
suite with the completion of its acquisition of PureSec, a leader
in serverless security, on June 13,
2019. With the acquisitions of Twistlock and PureSec,
customers migrating to the cloud can now rely on Prisma to secure
all types of cloud workloads and architectures, across multiple
public cloud provider platforms, as well as private and hybrid
cloud environments.
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 the expected benefits of the acquisition of Twistlock 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 Twistlock
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.