SANTA CLARA, Calif.,
March 2, 2021 /PRNewswire/ -- Palo
Alto Networks (NYSE: PANW), the global cybersecurity leader,
announced that it has completed its acquisition of Bridgecrew, a
developer-first cloud security company. The acquisition will enable
"shift left" security, with Prisma® Cloud becoming the
first cloud security platform to deliver security across the full
application lifecycle.
"We are excited to welcome Bridgecrew to the Palo Alto Networks
family," said Nikesh Arora, chairman
and CEO of Palo Alto Networks. "They are a pioneer in the emerging
space of 'shift left' cloud security, with a widely adopted and
trusted security platform for the developer community. We look
forward to working together to help organizations embed security in
the foundation of their cloud infrastructure, bridging the gap
between developer and CISO."
Prisma Cloud, the industry's only
comprehensive Cloud Native Security Platform (CNSP), delivers
hybrid and multi-cloud security to more than 2,000 customers,
including nearly three-quarters of the Fortune 100. With the
addition of Bridgecrew's platform, Palo Alto Networks will enable
Prisma Cloud to provide developers
with security assessment and enforcement capabilities throughout
the DevOps process. Once integrated, Prisma
Cloud will offer a single platform for developers and DevOps
teams to secure their cloud native applications and infrastructure
throughout the software development lifecycle, while giving
security teams visibility into security posture at every stage,
from build to deploy to run.
Bridgecrew's open-source infrastructure as code (IaC) scanner,
Checkov, has gained significant early traction with developers,
surpassing 1 million downloads in 2020 — its first full year of
availability. Palo Alto Networks recognizes the value of the
community that built Checkov and will accelerate its investment in
this open-source community as a top priority for Prisma Cloud. Palo Alto Networks will build on
Bridgecrew's platform innovations with enhanced capabilities,
including adding new frameworks, expanding the number of checks and
increasing the depth of coverage.
Bridgecrew co-founders, Idan
Tendler, Barak Schoster and
Guy Eisenkot, and their teams have joined Palo Alto Networks. Palo
Alto Networks paid approximately $156
million in cash, excluding the value of replacement equity
awards to acquire Bridgecrew.
For further details, see Palo Alto Networks' blog posts:
- Prisma Cloud and Bridgecrew:
Doubling Down on Developer-Led Security
- Prisma Cloud shifts left with
proposed acquisition of Bridgecrew
About Palo Alto Networks
Palo Alto Networks, the global cybersecurity leader, is shaping
the cloud-centric future with technology that is transforming the
way people and organizations operate. Our mission is to be the
cybersecurity partner of choice, protecting our digital way of
life. We help address the world's greatest security challenges with
continuous innovation that seizes the latest breakthroughs in
artificial intelligence, analytics, automation, and orchestration.
By delivering an integrated platform and empowering a growing
ecosystem of partners, we are at the forefront of protecting tens
of thousands of organizations across clouds, networks, and mobile
devices. Our vision is a world where each day is safer and more
secure than the one before. For more information, visit
www.paloaltonetworks.com.
Palo Alto Networks, Prisma, and the Palo Alto Networks logo are
registered 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 our management's beliefs and assumptions and on
information currently available to management. Such forward-looking
statements include statements regarding the expected benefits of
the acquisition of Bridgecrew to us, and our combined current and
future customers, the expected impact of the acquisition on our
offerings or proposed offerings, our intention to continue to offer
Bridgecrew's open-source initiatives, our integration plans,
including with Prisma Cloud and the
expected benefits to our customers. 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 developments and changes in general
market, political, economic, and business conditions; the duration
and global impact of the COVID-19 pandemic; the impact of COVID-19
on our customers' purchasing decisions; new product and
subscription releases; risks associated with managing our growth;
our ability as an organization to successfully integrate Bridgecrew
and acquire and integrate other companies, products or technologies
in a successful manner; the risks associated with new product
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 and cloud security products
and subscription and support offerings; and length of sales
cycles.
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 23,
2021, 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.