US multinational cybersecurity firm Palo Networks announced Wednesday it will acquire container security company Twistlock and serverless security firm PureSec. It will use the two companies to extend its cloud security suite Prisma.
The California-based network is reportedly paying $410 million for the container security firm. No financial detalis were disclosed about the PureSec deal.
“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.
Founded in 2015, Twistlock is “the world’s first truly comprehensive cloud security” providing security for cloud, serverless, and container-based applications in one platform. The Tel Aviv-based company PureSec develops security products for serverless applications.
The deals are expected to close in Palo Alto Networks’ fiscal fourth quarter, subject to regulatory approvals and other customary closing conditions.