Palo Alto Networks to acquire Twistlock and PureSec

Palo Alto Networks has entered into definitive agreements to acquire Twistlock, the leader in container security, and PureSec, a leader in serverless security, to extend its Prisma cloud security strategy.

These proposed acquisitions will further advance the company’s ability to offer the most complete and comprehensive cloud security suite in all critical areas of cloud security. Prisma, used by approximately 9,000 customers worldwide, helps enable a secure journey to the cloud by providing organizations with visibility across the entire cloud environment while consistently governing access, protecting data, and securing applications regardless of location.

With the additions of Twistlock and PureSec to the Prisma cloud security suite, Palo Alto Networks will be uniquely positioned to secure today’s modern applications throughout the entire life cycle, enabling organizations to deliver innovations that are secure, reliable, and scalable.

Today marks another exciting step forward in our commitment to offering our customers the industry’s most complete cloud security offering. We believe that our acquisition of these leading companies will significantly enhance our ability to be the cybersecurity partner of choice for our customers, while expanding our capabilities and strengthening our Prisma cloud security strategy,” said Nikesh Arora, chairman and CEO of Palo Alto Networks.

Twistlock

Palo Alto Networks will pay approximately $410 million in cash to acquire Twistlock. The container security leader combines vulnerability management, compliance, and runtime defense for cloud-native applications and workloads. The company serves more than 290 customers, with more than a quarter on the Fortune 100 list. Twistlock co-founders, Ben Bernstein and Dima Stopel, will join Palo Alto Networks.

“Our vision for a cloud-native security platform is a natural fit with Palo Alto Networks cloud strategy. We have liked-minded teams, and we’re looking forward to accelerating our ability to serve customers and partners on their cloud-native journey together,” said Ben Bernstein, co-founder and CEO, Twistlock.

PureSec

PureSec enables its customers to build and maintain secure and reliable serverless applications. The company provides end-to-end security for serverless functions that cover vulnerability management, access permissions, and runtime threats. The company was recognized as a Gartner Cool Vendor in April 2019. PureSec co-founders, Shaked Zin, Ory Segal, and Avi Shulman, will join Palo Alto Networks. Terms of the PureSec transaction were not disclosed.

“PureSec’s vision has always been to ensure that all serverless applications will be secured at the very highest level. By joining forces with Palo Alto Networks, we will undoubtedly be able to make that a reality much faster. We are humbled and excited about this opportunity,” said Shaked Zin, co-founder and CEO, PureSec.