M&A spree announced hours after vendor launches comprehensive Prisma cloud security suite
After a day of speculation, Palo Alto Networks made it official late Wednesday with confirmation that it would acquire container security vendor Twistlock and serverless security specialist PureSec in a bold move to broaden its cloud security portfolio.
The Lowdown: The announcement came just a few hours after Palo Alto debuted Prisma, a suite of cloud security tools that aims to simplify the often thorny issues of access, data, and applications control in public and hybrid cloud environments.
The Details: Palo Alto will pay $410 million in cash for San Francisco-based Twistlock, which offers vulnerability management, compliance, and runtime defenses for cloud-native applications and workloads in containerized environments. Twistlock’s co-founders, Ben Bernstein and Dima Stopel, will join Palo Alto in roles that were not disclosed in the announcement.
Terms of the PureSec deal were not disclosed. The Tel Aviv, Israel-based company provides end-to-end security products for serverless functions that cover vulnerability management, access permissions, and runtime threats. PureSec co-founders Shaked Zin, Ory Segal, and Avi Shulman will also stay on to join Palo Alto.
Both acquisitions are expected to close during Palo Alto’s fourth fiscal quarter, subject to regulatory approval.
The Buzz: “Today marks another exciting step forward in our commitment to offering our customers the industry’s most complete cloud security offering,” said Palo Alto CEO Nikesh Arora. “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.”
“Our vision for a cloud-native security platform is a natural fit with Palo Alto Networks’ cloud strategy,” said Twistlock’s Bernstein. “We have like-minded teams, and we’re looking forward to accelerating our ability to serve customers and partners on their cloud-native journey together.”
“PureSec’s vision has always been to ensure that all serverless applications will be secured at the very highest level,” said PureSec CEO Zin. “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.”