Palo Alto Networks reveals plans to acquire Aporeto for $150 Million

Palo Alto Networks, a leading provider of cybersecurity solutions, has recently revealed plans to ink a definitive agreement to acquire Aporeto Inc., a company that focuses on machine identity-based microsegmentation.
As per the agreement, Palo Alto Networks would pay roughly $150 million in cash to Aporeto, but the final settlement would be subject to customary adjustments. The takeover is anticipated to be conclude during Palo Alto's fiscal second quarter, liable to fulfillment of customary closing condition.
For the record, Palo Alto Networks offers a comprehensive cloud security suite in the industry, with a wide range of capabilities in all crucial sections of cloud security. Sources suggest that the takeover of Aporeto would strengthen the firms Prismaâ„¢ Cloud-based Cloud Native Security Platform.
As for Aporeto, it is known for recognizing workloads and implements microsegmentation on almost every business vertical. This aids users to secure their applications at scale. Evidently, in 2018, the firm also bagged the title of Gartner Cool Vendor in Cloud Security and was enlisted in CNBC's 2019 Upstart 100 list.
Speaking on the acquisition, Nikesh Arora, CEO and Chairman, Palo Alto Networks, said that the company is excited to welcome Aporeto to its family. The acquisition of Aporeto would provide their company a unique machine identity technology which could play an important role in improving its leading Prisma Cloud abilities. It would also progress their vision of helping consumers to secure their movement to the cloud.
Prior to this news, Palo Alto Networks had rolled out a new service to expand its presence in the SASE (secure access service edge) market. Reportedly, the company recently launched a data loss prevention (DPL) and a cloud-based SD-WAN to Prisma Access. Source cite that, this development would make Palo Alto Networks the latest provider to offer a unique comprehensive SASE platform in the industry.
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