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10/3/2018
01:15 PM
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Palo Alto Networks Buys RedLock to Strengthen Cloud Security

The transaction, valued at $173 million, is intended to bring analytics and threat detection to Palo Alto Networks' cloud security offering.

Palo Alto Networks today announced its plans to buy cloud security analytics startup RedLock for $173 million in cash.

RedLock was co-founded in 2015 by Gaurav Kumar and Varun Badhwar, both of whom will be joining Palo Alto Network's team. The company was founded on the premise that it's up to public cloud users to properly secure content and firewall settings. Its platform brings together security data sets, network traffic, vulnerabilities, and threat intelligence so security teams can manage threats and develop securely on Microsoft Azure, Amazon Web Services, and Google Cloud.

Palo Alto Networks plans to leverage RedLock's technology to bring security analytics, threat detection, and compliance monitoring into its own cloud security offering for multicloud environments. It's working on a new cloud security tool, which is expected to be released in early 2019.

This marks Palo Alto Networks' second cloud security acquisition in 2018. Back in March, the company closed a $300 million purchase of Evident.io, which it bought to help businesses analyze configurations and account settings to ensure cloud deployments were secure.

Read more here.

 

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