SANTA CLARA, Calif.,
Feb. 28, 2017 /PRNewswire/
-- Palo Alto Networks® (NYSE: PANW), the
next-generation security company, today announced its acquisition
of LightCyber®, a privately held cybersecurity company
that has developed award-winning, highly automated and accurate
behavioral analytics technology. Under the terms of the agreement,
Palo Alto Networks has acquired LightCyber for $105 million in cash.
Recognized by Gartner in two recent market guides*, LightCyber
has been leading the industry in the development of automated
behavioral analytics capabilities, using sophisticated machine
learning to quickly, efficiently and accurately identify attacks
based on identifying behavioral anomalies inside the network.
Palo Alto Networks will continue to offer the LightCyber
products and support existing customer implementations while it
engineers the technology into the Palo Alto Networks
Next-Generation Security Platform by the end of the calendar year.
Bringing behavioral analytics to the platform will enhance its
automated threat prevention capabilities and the ability for
customer organizations to prevent cyber breaches throughout the
entire attack life cycle.
QUOTES:
- "The LightCyber team's vision to bring automation and machine
learning to bear in addressing the very difficult task of
identifying otherwise undetected and often very sophisticated
attacks inside the network is well-aligned with our platform
approach. This technology will complement the existing automated
threat prevention capabilities of our platform to help
organizations not only improve but also scale their security
protections to prevent cyber breaches."
- Mark McLaughlin, chairman and
CEO of Palo Alto Networks
- "Palo Alto Networks has been driving a paradigm shift in the
security industry with its natively engineered and highly automated
Next-Generation Security Platform designed to change the equation
in how organizations prevent cyber breaches. We are pleased to join
the Palo Alto Networks team, combining our technology innovations
and accelerating adoption of behavioral analytics to help
organizations bolster their defenses against the advanced and
sophisticated adversaries they are facing today."
- Gonen Fink, CEO of
LightCyber
Automated Attack Behavior Analytics Enhances Breach
Prevention
According to a report by the Ponemon Institute**,
when attackers successfully find their way into a network, there is
an industry average dwell time of approximately five months to
discover their activity. During that time, an advanced attacker can
initiate command and control, lateral movement, and data
exfiltration. This kind of dwell time and advancement in the attack
lifecycle can lead to extensive damage and loss of confidential
data.
Common approaches to this problem include third-party, log-based
collection and analysis tools that are often error-prone, limited
in visibility, lack important context, are labor-intensive, require
a data scientist to investigate false positives and tune for
accurate outcomes, and lack enforcement capabilities.
To address these challenges, reduce attacker dwell time,
minimize damage done and prevent breaches, the LightCyber
technology employs highly accurate and automated machine learning
techniques to analyze user and entity activity and then identifies
and protects against anomalous activities that are indicative of an
active attack.
This behavioral attack detection capability complements the
existing protections delivered by the Palo Alto Networks platform
to help security team members focus on only the most meaningful
alerts and improve the time to breach response and
prevention.
- To learn more about the
LightCyber technology and how it will enhance the
Palo Alto Networks platform, visit:
https://www.paloaltonetworks.com/technologies/automated-behavioral-analytics.
- To learn more about the Palo Alto Networks security
platform, visit:
https://www.paloaltonetworks.com/products/designing-for-prevention/security-platform.
About Palo Alto Networks
Palo Alto Networks is the
next-generation security company, leading a new era in
cybersecurity by safely enabling applications and preventing cyber
breaches for tens of thousands of organizations worldwide. Built
with an innovative approach and highly differentiated cyberthreat
prevention capabilities, our game-changing security platform
delivers security far superior to legacy or point products, safely
enables daily business operations, and protects an organization's
most valuable assets. Find out more at
www.paloaltonetworks.com.
Palo Alto Networks and the Palo Alto Networks logo are
trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions
throughout the world. All other trademarks, trade names or service
marks used or mentioned herein belong to their respective
owners.
SAFE HARBOR
This press release contains
"forward-looking" statements within the meaning of Section 27A of
the Securities Act and Section 21E of the Exchange Act that are
based on the beliefs and assumptions of Palo Alto Networks and on
currently available information. Forward-looking statements include
information concerning the expectations, beliefs, plans, intentions
and strategies of Palo Alto Networks relating to its acquisition of
LightCyber. Such forward-looking statements include statements
regarding expected benefits to Palo Alto Networks and its customers
and the impact of the acquisition on Palo Alto Networks' offerings.
These statements reflect the current beliefs of Palo Alto Networks
and are based on current information available to Palo Alto
Networks as of the date hereof, and Palo Alto Networks does not
assume any obligation to update the forward-looking statements to
reflect events that occur or circumstances that exist after the
date on which they were made. The ability of Palo Alto Networks to
achieve these business objectives involves many risks and
uncertainties that could cause actual outcomes and results to
differ materially and adversely from those expressed in any
forward-looking statements.
There are a significant number of factors that could cause
actual results to differ materially from statements made in this
presentation, including the failure to achieve expected synergies
and efficiencies of operations between Palo Alto Networks and
LightCyber; the ability of Palo Alto Networks and LightCyber to
successfully integrate their respective market opportunities,
technology, products, personnel and operations; the failure to
timely develop and achieve market acceptance of combined products
and services; the potential impact on the business of LightCyber as
a result of the acquisition; the ability to coordinate strategy and
resources between Palo Alto Networks and LightCyber; the ability of
Palo Alto Networks and LightCyber to retain and motivate key
employees of LightCyber; Palo Alto Networks limited operating
history and experience with integrating acquired companies; risks
associated with Palo Alto Networks' rapid growth, particularly
outside the United States; rapidly
evolving technological developments in the market for network
security products; and general market, political, economic and
business conditions. Additional risks and uncertainties are
included under the captions "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations," in the company's quarterly report on Form 10-Q filed
with the SEC on November 22, 2016,
which is available on the company's website at
investors.paloaltonetworks.com and on the SEC's website at
www.sec.gov. Additional information will also be set forth in other
filings that the company makes with the SEC from time to time. All
forward-looking statements in this presentation are based on
information available to the company as of the date hereof, and
Palo Alto Networks does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made or
to update the reasons why actual results could differ materially
from those anticipated in the forward-looking statements, even if
new information becomes available in the future.
* Gartner Market Guide for User and Entity Behavioral Analytics
(G00292503), December 2016 and
Gartner Market Guide for Endpoint Detection and Response Solutions
(G00298289), November 2016.
Gartner Disclaimer
Gartner does not endorse any
vendor, product or service depicted in its research publications,
and does not advise technology users to select only those vendors
with the highest ratings or other designation. Gartner research
publications consist of the opinions of Gartner's research
organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with
respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
** Ponemon report: "The State of Malware Detection &
Prevention"; Ponemon Institute Research Report, March 2016.
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SOURCE Palo Alto Networks, Inc.