The standard innovation procedure for larger security companies is to buy up the smaller startups…:
Palo Alto Networks on Wednesday announced its plans to acquire the container security company Twistlock and the serverless security company PureSec. Both acquisitions are expected to close during Palo Alto’s fiscal fourth quarter. The cybersecurity giant is paying $410 million in cash for Twistlock. The terms of the PureSec deal were not disclosed.
Palo Alto plans to add the capabilities it will gain via the purchases to its new cloud security suite, called Prisma. With the acquisitions, Palo Alto Networks said in a release, it should be “uniquely positioned to secure today’s modern applications throughout the entire life cycle.”