Palo Alto Networks Announces Intent to Acquire Aporeto
Palo Alto Networks, a global cybersecurity company, announces that it has entered into a definitive agreement to acquire Aporeto Inc., a machine identity-based microsegmentation company. Under the terms of the agreement, Palo Alto Networks will pay approximately $150 million in cash to acquire Aporeto, subject to customary adjustments. The acquisition is expected to close during Palo Alto Networks fiscal second quarter, subject to the satisfaction of customary closing conditions.
Palo Alto Networks provides a complete cloud security suite, with a broad set of capabilities in all critical areas of cloud security. The proposed acquisition of Aporeto is expected to further strengthen the company’s Cloud Native Security Platform delivered by Prisma™ Cloud.
Aporeto identifies workloads and applies microsegmentation across all infrastructures, helping customers secure their applications at scale. The company was recognized as a Gartner Cool Vendor in Cloud Security in 2018 and named to the 2019 CNBC Upstart 100 list. Aporeto co-founders Dimitri Stiliadis and Satyam Sinha have agreed to join Palo Alto Networks.