Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 5/28/2020
Stay-at-Home Orders Coincide With Massive DNS Surge
Robert Lemos, Contributing Writer,  5/27/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: Can you smell me now?
Current Issue
How Cybersecurity Incident Response Programs Work (and Why Some Don't)
This Tech Digest takes a look at the vital role cybersecurity incident response (IR) plays in managing cyber-risk within organizations. Download the Tech Digest today to find out how well-planned IR programs can detect intrusions, contain breaches, and help an organization restore normal operations.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-11844
PUBLISHED: 2020-05-29
There is an Incorrect Authorization vulnerability in Micro Focus Service Management Automation (SMA) product affecting version 2018.05 to 2020.02. The vulnerability could be exploited to provide unauthorized access to the Container Deployment Foundation.
CVE-2020-6937
PUBLISHED: 2020-05-29
A Denial of Service vulnerability in MuleSoft Mule CE/EE 3.8.x, 3.9.x, and 4.x released before April 7, 2020, could allow remote attackers to submit data which can lead to resource exhaustion.
CVE-2020-7648
PUBLISHED: 2020-05-29
All versions of snyk-broker before 4.72.2 are vulnerable to Arbitrary File Read. It allows arbitrary file reads for users who have access to Snyk's internal network by appending the URL with a fragment identifier and a whitelisted path e.g. `#package.json`
CVE-2020-7650
PUBLISHED: 2020-05-29
All versions of snyk-broker after 4.72.0 including and before 4.73.1 are vulnerable to Arbitrary File Read. It allows arbitrary file reads to users with access to Snyk's internal network of any files ending in the following extensions: yaml, yml or json.
CVE-2020-7654
PUBLISHED: 2020-05-29
All versions of snyk-broker before 4.73.1 are vulnerable to Information Exposure. It logs private keys if logging level is set to DEBUG.