Palo Alto Networks is looking to augment their new cloud security suite, Prisma, with offerings that come with a certain price tag. The tech company recently confirmed that they would be purchasing both container security company Twistlock and serverless cyber-protection firm Puresec.
Palo Alto Networks is a leading cybersecurity company with an estimated $2.6 billion in annual revenue. The company recently rolled out Prisma to customers looking for full-service cloud security services and their acquisitions of both firms will help them do just that.
The Tel Aviv-based PureSec was founded in 2016 by CEO Shaked Tzu, CTO Ory Segal and VP Avi Shulman who saw a need for a security solution designed for serverless applications. All 18 of the company’s employees will join Palo Alto’s Israel operations after the transaction is finalized. While the details of the deal were not disclosed, the online magazine Globes estimates the value at $60 to $70 million.
Twistlock is a Portland-based firm that offers protection across the full application lifecycle from container to cloud-based applications and workloads. It was founded in 2015 by Microsoft veterans Bern Bernstein and Dima Stopel. Palo Alto acquired the firm for $410 million in an all-cash transaction.
“Our team continues to execute on our plan and deliver robust results,” CEO Nikesh Arora said in a statement. “The excitement around our new products is incredible and will only grow once customers have a chance to experience it for themselves. Both Twistlock and PureSec will be important additions to helping protect our customers’ journey to the cloud. Combining their capabilities with Prisma, our leading cloud security suite, is a huge win for all our customers.”
Despite its late May release, Prisma already has 90,000 enterprise customers that rely on Palo Alto’s cloud-suite for managing access, defending data and securing applications. The rise of remotely-accessed resources has meant new problems for the cybersecurity industry and Palo Alto is there to meet that challenge. The tech firm’s purchase of Puresec and Twistlock gives them room to grow their options for cloud and enterprise uses.
“Our approach to cloud security is aimed at delivering the best security while embracing the unique needs of the cloud. We provide customers while embracing the unique needs of the cloud. We provide customers with complete visibility as well as recommended configurations across their entire cloud environment to ensure a strong security posture from the start and consistently prevent attacks,” said Lee Klarich, chief product officer at Palo Alto Networks.
“With Prisma, organizations can securely connect office branches and mobile users to the cloud, confidently embrace the use of SaaS applications, and rapidly develop and deploy cloud applications.”