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Palo Alto Networks has made a double acquisition in the security market, snapping up Twistlock and PureSec to boost cloud offerings.
Twistlock is a specialist in container security, while PureSec has expertise across the serverless segment of the market, with both set to complement the vendor’s Prisma cloud security strategy.
Terms of the agreement will see Palo Alto pay approximately US$410 million in cash, subject to adjustments, to acquire Twistlock, while terms of the PureSec deal were not disclosed.
“Today marks another exciting step forward in our commitment to offering our customers the industry's most complete cloud security offering,” said Nikesh Arora, chairman and CEO of Palo Alto Networks.
Prisma, used by approximately 9,000 customers worldwide, provides customers with visibility across the entire cloud environment, in addition to governing access, protecting data and securing applications irrespective of location.
Through the additions of Twistlock and PureSec, Arora said the vendor is now “uniquely positioned” to secure "today’s modern applications" throughout the entire life cycle, enabling organisations to "deliver innovations that are secure, reliable, and scalable".
“We believe that our acquisition of these leading companies will significantly enhance our ability to be the cyber security partner of choice for our customers, while expanding our capabilities and strengthening our Prisma cloud security strategy,” Arora added.
From a technological standpoint, Twistlock combines vulnerability management, compliance and run-time defence for cloud-native applications and workloads.
Currently, the start-up serves more than 290 customers, with more than a quarter housed on the Fortune 100 list. Twistlock co-founders, Ben Bernstein and Dima Stopel, will join Palo Alto.
“Our vision for a cloud-native security platform is a natural fit with Palo Alto Networks cloud strategy,” Bernstein added. “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.”
Meanwhile, PureSec enables customers to build and maintain secure and reliable serverless applications, through the provision of “end-to-end” security for serverless functions which include vulnerability management, access permissions and run-time threats.
PureSec co-founders, Shaked Zin, Ory Segal, and Avi Shulman, will join Palo Alto.
“PureSec's vision has always been to ensure that all serverless applications will be secured at the very highest level,” Zin said. “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.”
Both acquisitions are expected to close during the vendor’s fiscal fourth quarter, subject to regulatory approvals.
