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

2/19/2019
11:10 AM
50%
50%

Palo Alto Networks to Buy Demisto for $560M

This marks Palo Alto Networks' latest acquisition and its first of 2019.

Palo Alto Networks will acquire Demisto, a security orchestration, automation, and response (SOAR) firm, for a total purchase price of $560 million, the two companies announced today.

Demisto, founded in 2015, provides a platform designed to automate and standardize incident response processes. More than 150 customers across healthcare, financial services, high tech, and other industry verticals use its automated playbooks to date.

The company has raised a total of $69M over three rounds of outside funding. Its latest was a Series C round, which raised $43M, on Oct. 10, 2018.

Palo Alto Networks said plans to strengthen Demisto's existing integration with its Application Framework. At the same time, Demisto will continue to execute on its growth plans and leverage Palo Alto Networks' distribution network, the firm said in a statement.

"We have dedicated ourselves to the challenge of automation because we believe that relying on people alone to combat threats will fail against the scale of today's attacks," said Slavik Markovich, Demisto CEO, in a statement. Markovich, along with fellow founders Rishi Bhargava, Dan Sarel, and Guy Rinat, will join Palo Alto Networks as part of the acquisition.

This is the latest acquisition by Palo Alto Networks and its first of 2019, following a string of security-focused deals throughout last year. In March 2018 it bought Evident.io for $300M in an effort to extend its API-based security capabilities and help users secure cloud deployments. The next month it turned its focus to endpoint security with its purchase of Secdo. Oct. 2018 brought a $173M acquisition of RedLock, another buy for cloud security and threat detection.

Its most recent acquisition is slated to close during Palo Alto Networks' fiscal third quarter, following regulatory approval and other closing conditions. Read more details here.

 

 

Join Dark Reading LIVE for two cybersecurity summits at Interop 2019. Learn from the industry's most knowledgeable IT security experts. Check out the Interop agenda here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
AlexArt19
50%
50%
AlexArt19,
User Rank: Author
2/22/2019 | 12:52:02 PM
Lots of acquisitions lately
Looks like they are really focusiong on security, from all aspects. Its almost like a race to buy out any security related company. Intersting to watch this for the last few years. I remember we worked with one of their IDP systems, but had to move away, at that time it wasnt mature enough. This was only a few short years ago, and today they are a fairly large player. With strong focus on cloud computing of course..
Edge-DRsplash-10-edge-articles
I Smell a RAT! New Cybersecurity Threats for the Crypto Industry
David Trepp, Partner, IT Assurance with accounting and advisory firm BPM LLP,  7/9/2021
News
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
Commentary
It's in the Game (but It Shouldn't Be)
Tal Memran, Cybersecurity Expert, CYE,  7/9/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
The State of Cybersecurity Incident Response
In this report learn how enterprises are building their incident response teams and processes, how they research potential compromises, how they respond to new breaches, and what tools and processes they use to remediate problems and improve their cyber defenses for the future.
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2021-32813
PUBLISHED: 2021-08-03
Traefik is an HTTP reverse proxy and load balancer. Prior to version 2.4.13, there exists a potential header vulnerability in Traefik's handling of the Connection header. Active exploitation of this issue is unlikely, as it requires that a removed header would lead to a privilege escalation, however...
CVE-2020-19303
PUBLISHED: 2021-08-03
An arbitrary file upload vulnerability in /fileupload.php of hdcms 5.7 allows attackers to execute arbitrary code via a crafted file.
CVE-2020-19304
PUBLISHED: 2021-08-03
An issue in /admin/index.php?n=system&c=filept&a=doGetFileList of Metinfo v7.0.0 allows attackers to perform a directory traversal and access sensitive information.
CVE-2020-19305
PUBLISHED: 2021-08-03
An issue in /app/system/column/admin/index.class.php of Metinfo v7.0.0 causes the indeximg parameter to be deleted when the column is deleted, allowing attackers to escalate privileges.
CVE-2021-33335
PUBLISHED: 2021-08-03
Privilege escalation vulnerability in Liferay Portal 7.0.3 through 7.3.4, and Liferay DXP 7.1 before fix pack 20, and 7.2 before fix pack 9 allows remote authenticated users with permission to update/edit users to take over a company administrator user account by editing the company administrator us...