Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cloud Security

Palo Alto Networks to Acquire CIA-Backed Cloud Security Firm Evident.io for $300 Million

Network security firm Palo Alto Networks (NYSE: PANW) on Wednesday said that it has agreed to acquire cloud security and compliance firm Evident.io for $300 million in cash. 

Network security firm Palo Alto Networks (NYSE: PANW) on Wednesday said that it has agreed to acquire cloud security and compliance firm Evident.io for $300 million in cash. 

Palo Alto Networks currently has several security offerings that cater to cloud environments, including its VM-Series virtualized next-generation firewalls, API-based security for public cloud services infrastructure, and Traps for host-based security. 

Palo Alto Networks Logo

Pleasanton, Calif.-based Evident.io’s flagship Evident Security Platform (ESP) helps customers reduce cloud security risk by minimizing the attack surface and improving overall security posture. ESP can continuously monitor AWS and Microsoft Azure deployments, identify and assess security risks, provide security teams with remediation guidance, along with providing security auditing and compliance reporting by analyzing configurations of services and account settings against 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, comprehensive storage security, and compliance validation and reporting,” explained Tim Prendergast, CEO & Co-Founder of Evident.io.

Evident.io is backed by Bain Capital Ventures, True Ventures, Venrock, Google Ventures, and In-Q-Tel, the not-for-profit venture capital arm of the CIA.

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

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

Advertisement. Scroll to continue reading.
Written By

For more than 15 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

CISO Conversations

SecurityWeek talks to Billy Spears, CISO at Teradata (a multi-cloud analytics provider), and Lea Kissner, CISO at cloud security firm Lacework.

Cloud Security

Cloud security researcher warns that stolen Microsoft signing key was more powerful and not limited to Outlook.com and Exchange Online.

CISO Strategy

Okta is blaming the recent hack of its support system on an employee who logged into a personal Google account on a company-managed laptop.

Application Security

Virtualization technology giant VMware on Tuesday shipped urgent updates to fix a trio of security problems in multiple software products, including a virtual machine...

Application Security

Fortinet on Monday issued an emergency patch to cover a severe vulnerability in its FortiOS SSL-VPN product, warning that hackers have already exploited the...

Application Security

A CSRF vulnerability in the source control management (SCM) service Kudu could be exploited to achieve remote code execution in multiple Azure services.

Cloud Security

Microsoft and Proofpoint are warning organizations that use cloud services about a recent consent phishing attack that abused Microsoft’s ‘verified publisher’ status.