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Why Palo Alto Networks Is on an Acquisition Spree

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Palo Alto Networks completed the acquisition of Demisto

Cybersecurity giant Palo Alto Networks (PANW) is targeting acquisitions to expand its footprint and gain traction among customers. In the last 15 months, PANW has spent well over $1 billion on acquisitions.

In March, PANW announced the completion of its acquisition of Demisto, a leader in the security orchestration, automation, and response space. This acquisition will help PANW easily deliver automated threat prevention and response solutions.

PANW’s CEO, Nikesh Arora, said, “With the combination of Demisto and our existing threat prevention and response capabilities, we will be well-positioned to unlock the biggest challenges facing teams in security operations centers today.” The deal was worth $560 million.

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PureSec and Twistlock acquisitions

Earlier this month, PANW also announced the completion of its acquisition of PureSec, a market leader in serverless security. PureSec’s solutions allow enterprises to build and maintain serverless applications. The company provides solutions that help reduce access permissions and runtime threats.

During PANW’s third-quarter earnings call, the company announced that it was all set to acquire Twistlock, a leader in the container security space. PANW will pay $410 million for the Twistlock acquisition.

These two acquisitions will enhance PANW’s cloud security solutions and expand its customer base. PANW acquired RedLock for $173 million in October 2018, Secdo for an undisclosed amount in April 2018, and Evident.io for $300 million in March 2018.

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