SANTA CLARA, Calif.,
April 10, 2018 /PRNewswire/ -- Palo
Alto Networks® (NYSE: PANW), the next-generation security company,
today announced that it has entered into a definitive agreement to
acquire Israel-based Secdo. The
acquisition brings sophisticated endpoint detection and response,
or EDR, capabilities – including unique data collection and
visualization – to Palo Alto Networks Traps™ advanced endpoint
protection and the Application Framework in order to enhance their
ability to rapidly detect and stop even the stealthiest
attacks.
Secdo's team of elite engineers will complement the deep
security expertise and innovation inside the Palo Alto Networks
research and development organization. The company's thread-level
approach to data collection and visualization goes far beyond
traditional EDR methods, which only collect general event data,
hamstringing security operations teams as they try to reconstruct
each step of an attack and distinguish malicious activity from
normal. Once integrated with Traps and the Palo Alto Networks
platform, this rich data will feed into the Logging Service and
give applications running in the Palo Alto Networks Application
Framework greater precision to visualize, detect and stop
cyberattacks.
QUOTES:
- "We believe security operations teams need the most advanced
and consistent approach to endpoint security. With Secdo's EDR
capabilities as part of our platform, we will accelerate our
ability to detect and prevent successful cyberattacks across the
cloud, endpoint, and network."
- Mark McLaughlin, chairman and CEO of Palo Alto
Networks
- "We are delighted to join the Palo Alto Networks team. We
founded Secdo to dramatically increase visibility for security
operations teams to reduce the time it takes to detect and respond
to an alert. The combined capabilities of Secdo and Palo Alto
Networks will provide customers the capabilities they need to
swiftly and accurately detect and respond to
cyberattacks."
- Shai Morag, co-founder and CEO of Secdo
The acquisition is expected to close during Palo Alto Networks
fiscal third quarter, subject to satisfaction of customary closing
conditions. Terms of the acquisition were not disclosed.
About Secdo
Secdo combines Next-generation Endpoint Detection and Response
with Security Automation to provide the only purpose-built solution
that force multiplies the productivity of security operations
teams' day-to-day, allowing them to get ahead and be proactive in
defense. Secdo makes this possible with a patented technology that
uses assisted learning combined with the only thread-level
visibility to automatically investigate and respond to every alert
from any security technology, increasing ROI of current technology
investments, resolving staff shortage issues and providing
quantifiable risk reduction by cutting the security alert triage,
response and remediation process down to seconds.
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, Traps 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.
Forward-Looking Statements
This press release contains "forward-looking" statements that
are based on Palo Alto Networks management's beliefs and
assumptions and on information currently available to management.
Such forward-looking statements include statements regarding our
intention to acquire Secdo; expectations regarding the timing of
when the acquisition will be completed; the expected benefits of
the acquisition of Secdo to us and customers of Palo Alto Networks
and Secdo; and our expectations regarding our combined offerings
performing as intended. These forward-looking statements are
subject to the safe harbor provisions created by the Private
Securities Litigation Reform Act of 1995. There are a significant
number of factors that could cause actual results to differ
materially from statements made in this press release, including
risks associated with new product and subscription releases,
including our limited operating history; risks associated with
managing our rapid growth; our ability as an organization to
acquire and integrate other companies, product or technologies in a
successful manner; the risks associated with new products and
subscription and support offerings, including the discovery of
software bugs; our ability to attract and retain new customers;
delays in the development or release of new subscription offerings,
or the failure to timely develop and achieve market acceptance of
new products and subscriptions as well as existing products and
subscription and support offerings; rapidly evolving technological
developments in the market for network security products and
subscription and support offerings; length of sales cycles; 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 our quarterly
report on Form 10-Q filed with the Securities and Exchange
Commission ("SEC") on February 27,
2018, which is available on our 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 we make with the SEC from time to time. All
forward-looking statements in this press release are based on
information available to us as of the date hereof, and we do 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.
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SOURCE Palo Alto Networks, Inc.