Menu
Palo Alto Networks buys Evident.io in $300M cash deal

Palo Alto Networks buys Evident.io in $300M cash deal

Ramps up cloud security services play

Security vendor, Palo Alto Networks has acquired US-based cloud security services and compliance automation provider, Evident.io in a deal worth US$300 million in cash.

Evident.io is expected to extend Palo Alto’s API-based security capabilities, helping cloud practitioners ensure their deployments are secure and achieve a continuous state of compliance, by analysing the configurations of all the services and account settings against strict security and compliance controls.

Once integrated with the Palo Alto Networks cloud security offering, customers will be able to use a single approach to continuous monitoring, storage security, and compliance validation and reporting.

"We believe enterprises will become even more cloud-centric in the future and require prevention methods that have been designed for the cloud," Palo Alto CEO and chairman, Mark McLaughlin, said.

"With Evident as part of our platform, Palo Alto Networks will be the only vendor that can deliver a holistic cloud offering to address the critical security needs of today's enterprise customers as they journey to the cloud," 

Evident.io co-founders, Tim Prendergast and Justin Lundy, will join Palo Alto Networks.

“We founded Evident.io to secure our customers' public cloud infrastructure and services without slowing down innovation," Prendergast said.

"The combined capabilities of Evident.io and Palo Alto Networks will provide customers the confidence they need to run better, faster, and more securely in the cloud."

The acquisition is expected to close during Palo Alto Networks fiscal third quarter, subject to satisfaction of customary closing conditions. 

According to analyst firm, Gartner, cloud-based security services will hit US$9 billion by 2020.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags cloud securityGartnerpalo alto networksacqusitions

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments