Palo Alto Networks on Monday announced that it has entered into a definitive agreement to acquire cloud security company Aporeto for roughly $150 million in cash.
Palo Alto Networks expects to complete the deal in the second fiscal quarter, once all closing conditions are met. Aporeto co-founders Dimitri Stiliadis and Satyam Sinha will join Palo Alto Networks.
Aporeto provides identity-powered cloud security solutions, including distributed firewall, identity-aware proxy, and privileged access management (PAM) products.
Palo Alto Networks plans on using Aporeto’s technology to strengthen its Prisma Cloud security platform.
“We have dedicated ourselves to helping organizations securely embrace the cloud. Teaming up with Palo Alto Networks allows us to bring our machine identity-based microsegmentation technology to a large customer base. We are thrilled to join forces to help customers secure their journey to the cloud,” Stiliadis stated.
Nikesh Arora, chairman and CEO of Palo Alto Networks, commented, “We are thrilled to welcome Aporeto to the Palo Alto Networks family. We believe the addition of Aporeto’s unique machine identity technology will further enhance our leading Prisma Cloud capabilities and strengthen our commitment to helping customers secure their journey to the cloud.”