Palo Alto Networks has announced that it is acquiring cloud threat defense company RedLock for $173 million in cash. The acquisition is expected to close in Palo Alto Networks’ fiscal first quarter pending customary closing conditions. RedLock’s co-founders Varun Badhwar and Gaurav Kumar will be joining Palo Alto Networks in executive roles.
RedLock’s flagship product is known as RedLock Cloud 360. The RedLock Cloud 360 platform uses an AI-driven approach that correlates disparate security data sets in order to provide comprehensive visibility, detect threats, and offer rapid response solutions across an entire public cloud environment.
“We are excited to join Palo Alto Networks to bring together the strength of our cloud analytics and their industry-leading compliance technologies to help security teams protect their organizations,” said Badhwar.
Why did Palo Alto Networks buy RedLock? The company already provides a wide array of broad security products for multi-cloud environments with inline, host-based, and API-based security. And the company currently has more than 6,000 cloud customers with its cloud security portfolio. Palo Alto Networks plans to combine RedLock’s technologies with Evident.io — a public cloud infrastructure security company it acquired in March 2018.
Through the combined technologies of Evident.io and RedLock, Palo Alto Networks will be able to provide its customers with cloud security analytics, advanced threat detection, compliance monitoring, and continuous security in one single offering. And this new offering will enable security teams to respond faster to critical threats by replacing manual investigations with real-time remediation and reports that highlight an organization’s cloud risks. This bundled product is expected to be available early next year.
“We are thrilled to add RedLock’s technology to our cloud security offerings. The addition of their technologies allows us to offer the most comprehensive security for multi-cloud environments, including Amazon Web Services, Google Cloud Platform and Microsoft Azure, and significantly strengthens our cloud strategy going forward,” added Palo Alto Networks chairman and CEO Nikesh Arora.