Cloud

3/15/2018
11:41 AM
Connect Directly
Twitter
LinkedIn
Google+
RSS
E-Mail
50%
50%

Palo Alto Buys Evident.io to Secure the Cloud

The $300 million deal is part of an industry-wide consolidation of cloud, data, and network security companies.

Palo Alto Networks has confirmed plans to acquire Evident.io in a $300 million cash transaction. This is the latest in a series of acquisitions within the security industry as cloud providers, network security firms, and datacenter security companies buy cloud-focused startups.

Evident.io was founded in 2013 by Justin Lundy and Tim Prendergast, both of whom will join Palo Alto as part of the acquisition. The company's focus is on security and compliance automation and its Evident Security Platform monitors cloud deployments, assesses risk, and provides remediation guidance.

Palo Also intends to leverage Evident.io's technology to extend its API-based security capabilities, and help organizations analyze configurations and account settings to ensure cloud deployments are both secure and compliant. Its idea is to integrate both companies' tools into a single approach for monitoring, storage security, and compliance reporting.

"This acquisition is validation of the market’s need to adapt legacy IT security based on broad public cloud adoption," says Threat Stack CEO Brian Ahern. "No company is just a software company — most are also quickly becoming cloud companies."

Security companies have been shopping for cloud startups as more businesses transfer their applications to the public cloud. Legacy security solutions don't accommodate cloud environments, an issue driving consolidation among security providers.

Other major companies ramping up their cloud offerings through acquisitions include Trend Micro, which bought application security firm Immunio in November 2017, and McAfee, which acquired Skyhigh Networks the same month. VMware snapped up VeloCloud Networks in December. Oracle confirmed plans to purchase Zenedge in February 2018.

Read more details on the Palo Alto/Evident.io merger here.

Related content:

  

Interop ITX 2018

Join Dark Reading LIVE for two cybersecurity summits at Interop ITX. Learn from the industry’s most knowledgeable IT security experts. Check out the security track here. Early bird rates expire tomorrow, Friday March 16. Use code 200KS to save an extra $200 off the early bird discount.

Kelly Sheridan is the Staff Editor at Dark Reading, where she focuses on cybersecurity news and analysis. She is a business technology journalist who previously reported for InformationWeek, where she covered Microsoft, and Insurance & Technology, where she covered financial ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
White House Cybersecurity Strategy at a Crossroads
Kelly Jackson Higgins, Executive Editor at Dark Reading,  7/17/2018
The Fundamental Flaw in Security Awareness Programs
Ira Winkler, CISSP, President, Secure Mentem,  7/19/2018
Number of Retailers Impacted by Breaches Doubles
Ericka Chickowski, Contributing Writer, Dark Reading,  7/19/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-14492
PUBLISHED: 2018-07-21
Tenda AC7 through V15.03.06.44_CN, AC9 through V15.03.05.19(6318)_CN, and AC10 through V15.03.06.23_CN devices have a Stack-based Buffer Overflow via a long limitSpeed or limitSpeedup parameter to an unspecified /goform URI.
CVE-2018-3770
PUBLISHED: 2018-07-20
A path traversal exists in markdown-pdf version <9.0.0 that allows a user to insert a malicious html code that can result in reading the local files.
CVE-2018-3771
PUBLISHED: 2018-07-20
An XSS in statics-server <= 0.0.9 can be used via injected iframe in the filename when statics-server displays directory index in the browser.
CVE-2018-5065
PUBLISHED: 2018-07-20
Adobe Acrobat and Reader 2018.011.20040 and earlier, 2017.011.30080 and earlier, and 2015.006.30418 and earlier versions have a Use-after-free vulnerability. Successful exploitation could lead to arbitrary code execution in the context of the current user.
CVE-2018-5066
PUBLISHED: 2018-07-20
Adobe Acrobat and Reader 2018.011.20040 and earlier, 2017.011.30080 and earlier, and 2015.006.30418 and earlier versions have an Out-of-bounds read vulnerability. Successful exploitation could lead to information disclosure.