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

Comment  | 
Print  | 
More Insights
Comments
Threaded  |  Newest First  |  Oldest First
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..
Why Cyber-Risk Is a C-Suite Issue
Marc Wilczek, Digital Strategist & CIO Advisor,  11/12/2019
Unreasonable Security Best Practices vs. Good Risk Management
Jack Freund, Director, Risk Science at RiskLens,  11/13/2019
Breaches Are Inevitable, So Embrace the Chaos
Ariel Zeitlin, Chief Technology Officer & Co-Founder, Guardicore,  11/13/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
Navigating the Deluge of Security Data
In this Tech Digest, Dark Reading shares the experiences of some top security practitioners as they navigate volumes of security data. We examine some examples of how enterprises can cull this data to find the clues they need.
Flash Poll
Rethinking Enterprise Data Defense
Rethinking Enterprise Data Defense
Frustrated with recurring intrusions and breaches, cybersecurity professionals are questioning some of the industrys conventional wisdom. Heres a look at what theyre thinking about.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-19010
PUBLISHED: 2019-11-16
Eval injection in the Math plugin of Limnoria (before 2019.11.09) and Supybot (through 2018-05-09) allows remote unprivileged attackers to disclose information or possibly have unspecified other impact via the calc and icalc IRC commands.
CVE-2019-16761
PUBLISHED: 2019-11-15
A specially crafted Bitcoin script can cause a discrepancy between the specified SLP consensus rules and the validation result of the [email protected] npm package. An attacker could create a specially crafted Bitcoin script in order to cause a hard-fork from the SLP consensus. All versions >1.0...
CVE-2019-16762
PUBLISHED: 2019-11-15
A specially crafted Bitcoin script can cause a discrepancy between the specified SLP consensus rules and the validation result of the slpjs npm package. An attacker could create a specially crafted Bitcoin script in order to cause a hard-fork from the SLP consensus. Affected users can upgrade to any...
CVE-2019-13581
PUBLISHED: 2019-11-15
An issue was discovered in Marvell 88W8688 Wi-Fi firmware before version p52, as used on Tesla Model S/X vehicles manufactured before March 2018, via the Parrot Faurecia Automotive FC6050W module. A heap-based buffer overflow allows remote attackers to cause a denial of service or execute arbitrary ...
CVE-2019-13582
PUBLISHED: 2019-11-15
An issue was discovered in Marvell 88W8688 Wi-Fi firmware before version p52, as used on Tesla Model S/X vehicles manufactured before March 2018, via the Parrot Faurecia Automotive FC6050W module. A stack overflow could lead to denial of service or arbitrary code execution.