news
Palo Alto Networks announces intent to
acquire Aporeto
alo Alto Networks, a global
cybersecurity leader, has
announced it has entered
into a definitive agreement to acquire
Aporeto Inc, a machine identity-
based microsegmentation company.
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Under the terms of the agreement,
Palo Alto Networks will pay
approximately US$150 million in
cash to acquire Aporeto, subject to
customary adjustments.
Cloud Native Security Platform delivered
by Prisma Cloud.
Aporeto identifies workloads and
applies microsegmentation across
all infrastructures, helping customers
secure their applications at scale.
further enhance our leading Prisma
Cloud capabilities and strengthen
our commitment to helping
customers secure their journey to
the cloud.”
The company was recognised as a
Gartner Cool Vendor in Cloud Security
in 2018 and named in the 2019 CNBC
Upstart 100 list.
The acquisition is expected to close
during Palo Alto Networks’ fiscal
second quarter, subject to the
satisfaction of customary closing
conditions. Palo Alto Networks
provides a complete cloud security
suite, with a broad set of capabilities
in all critical areas of cloud security. Aporeto co-founders Dimitri Stiliadis and
Satyam Sinha have agreed to join Palo
Alto Networks.
The proposed acquisition of Aporeto
will further strengthen the company’s “We believe the addition of Aporeto’s
unique machine identity technology will
Nikesh Arora, Chairman and CEO, Palo
Alto Networks, said: “We are thrilled
to welcome Aporeto to the Palo Alto
Networks family.
Nikesh Arora, Chairman and CEO, Palo
Alto Networks
PROOFPOINT COMPLETES
ACQUISITION OF OBSERVEIT
roofpoint, a leading
cybersecurity and compliance
company, has announced
it has completed its acquisition of
ObserveIT, a leading insider threat
management platform.
P
By combining ObserveIT’s lightweight
endpoint agent technology and data
risk analytics with Proofpoint’s industry-
leading information classification, threat
detection and intelligence, enterprises
will have unprecedented insight into
user activity with their sensitive data,
wherever it resides and the ability to
immediately remediate risk.
“More than 30% of all data breaches
are the result of insider threats and
only a people-centric approach to data
security can effectively prevent these
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breaches from happening,” said Gary
Steele, Chairman of the board and Chief
Executive Officer of Proofpoint.
“As more companies look to successfully
transition to the cloud, traditional ways of
protecting data and intellectual property
aren’t enough.
“Our acquisition of ObserveIT will help
organisations overcome the challenges
of legacy data loss prevention (DLP)
and compliance by extending our
market-leading email and cloud access
security broker (CASB) DLP capabilities
with endpoint.
“By joining email and data-at-rest
solutions, Proofpoint will deliver the
industry’s first truly innovative enterprise
DLP offering in years.”
Gary Steele, Chairman of the board and Chief
Executive Officer, Proofpoint
Companies worldwide are in a constant
battle to stop cybercriminals from
stealing employee credentials, to correct
accidental user behaviours that can
result in unintended data loss and to
prevent malicious employee action. u
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