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Palo Alto Networks Announces Major Cybersecurity Partnership With IBM, Acquires QRadar SaaS Assets 

Palo Alto Networks and IBM announced a significant partnership to jointly provide cybersecurity solutions.

Palo Alto Networks partners with IBM on cybersecurity

Palo Alto Networks and IBM on Wednesday announced a significant partnership in which the two companies will jointly provide cybersecurity solutions, and IBM will deliver consulting services across Palo Alto’s platforms.

The new partnership has several noteworthy aspects. IBM said it will expand its deployment of Palo Alto Networks security platforms internally, and the cybersecurity vendor will be its preferred partner for network, cloud and security operations center (SOC) offerings.

IBM also said it will work with Palo Alto on security operations, DevSecOps and threat management. In addition, the tech giant will train over 1,000 security consultants on the migration, deployment and adoption of Palo Alto products.

The companies announced that IBM Consulting will be a preferred MSSP for Palo Alto customers, and they will set up a joint SOC and a cyber range. 

“IBM’s experts with global, regional, and local delivery capabilities will use Watsonx, IT automation, and threat intelligence to enhance advisory efforts and drive growth and adoption of Palo Alto Networks security platforms,” the companies said.

Palo Alto Networks has agreed to acquire IBM’s QRadar SaaS assets — technology that IBM acquired back in 2011 when it acquired Q1 Labs. Once the acquisition of QRadar assets has been completed, the companies will facilitate the migration of QRadar customers to Palo Alto’s recently unveiled Cortex XSIAM SOC platform

The transaction, for which financial terms have not been disclosed, is expected to close by the end of September. 

Palo Alto also announced that it will integrate IBM’s Watsonx AI into the Cortex XSIAM platform.

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“Palo Alto Networks intends to integrate Watsonx LLMs into Cortex XSIAM to drive additional automation capabilities, as well as leverage IBM’s Watsonx to accelerate its roadmap to improve customer support outcomes,” the companies said.

Nikesh Arora, CEO at Palo Alto Networks, told CNBC that Palo Alto needs to be better prepared to go up against Splunk, now owned by Cisco. “Clearly, it’s just a hotbed of activity in the consolidation in cybersecurity,” Arora said.

In related news on Wednesday, two other players in the SIEM market, Exabeam and Thoma Bravo’s LogRhythm, revealed their plans to merge.

Related: RSA Conference 2024 – Announcements Summary

Related: Google Debuts New Security Products, Hyping AI and Mandiant Expertise

Related: Wiz Acquires Gem Security, Pushes Security Tools Consolidation

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