- Palo Alto Networks announced that it entered a definitive agreement to buy machine identity-based microsegmentation company Aporeto for $150 million. These are the details.
Palo Alto Networks announced that it entered a definitive agreement to buy machine identity-based microsegmentation company Aporeto for $150 million. The deal is in cash and it is subject to customary adjustments. And the acquisition is expected to close during Palo Alto Networks’ fiscal second quarter.
Palo Alto Networks is known for providing the most complete cloud security suite in the industry with a broad set of capabilities in all critical areas of cloud security. And the proposed acquisition of Aporeto will further strengthen the company’s Cloud Native Security Platform delivered by Prisma Cloud. Plus Aporeto identifies workloads and applies microsegmentation across all infrastructures, which helps customers secure their applications at scale.
“We are thrilled to welcome Aporeto to the Palo Alto Networks family. We believe the addition of Aporeto’s unique machine identity technology will further enhance our leading Prisma Cloud capabilities and strengthen our commitment to helping customers secure their journey to the cloud,” said Palo Alto Networks chairman and CEO Nikesh Arora in a statement.
Aporeto co-founders Dimitri Stiliadis and Satyam Sinha agreed to join Palo Alto Networks.
“We have dedicated ourselves to helping organizations securely embrace the cloud. Teaming up with Palo Alto Networks allows us to bring our machine identity-based microsegmentation technology to a large customer base. We are thrilled to join forces to help customers secure their journey to the cloud,” explained Stiliadis.
Palo Alto Networks also recently announced its first-quarter results as it beat market expectations. And Palo Alto Networks’ non-GAAP net income for the quarter was $104.8 million and the revenue was $771.9 million — up 18% year-over-year.
In the second quarter of 2020, Palo Alto Networks is expecting total revenue in the range of $838 to $848 million.
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