Palo Alto Networks has announced its intention to acquire the attack surface management company The Expanse.
Under the terms of the agreement, Palo Alto Networks will acquire Expansion for a total purchase price of approximately $ 670 million paid in cash and shares and approximately $ 130 million in exchange share incentives, each subject to adjustment. It becomes.
The proposed acquisition is expected to close during the second quarter of Palo Alto Networks, subject to regulatory approval and other customary closing conditions.
As for the reasons behind the acquisition, Palo Alto Networks states that when companies embark on digital transformation, they keep their critical IT assets exposed to the Internet, creating vulnerable points that attackers can exploit.
This exposure was accelerated only by the rapid migration to the cloud and remote work.
Expanse’s Internet collection and attribution platform constantly monitors the global Internet to map, publicly track, and untracked assets that make up a customer’s attack surface, assessing, prioritizing, and mitigating risks. To provide.
Expanse data provides the CISO with an external view of the company and represents the view that an attacker sees when investigating weaknesses.
Combined, the Expanse platform enriches the Cortex product suite with the ability to stitch together external, internal, and threat data to give your organization a fully integrated view of your enterprise.
A wide range of customers include Fortune 500 organizations in the financial, healthcare, entertainment and technology industries, and government organizations including the US military.
The company said in a statement that extensive co-founders Dr. Tim Junio and Dr. Matt Cranning will join Palo Alto Networks.
Nikesh Arora, CEO and Chairman of Palo Alto Networks, said: “We are excited to add the Expansion Platform to the Cortex product suite.
“By integrating Expand’s attack surface management capabilities into Cortex after closure, we combine the outer and inner views of an organization’s attack surface to provide the first solution to proactively address all security threats. You will be able to provide it.
“I believe this will be a security-based game changer.”
Tim Junio, CEO and co-founder of Expanse, said: “Expanse’s mission is to discover and mitigate the risks of our customers that no one else can find.
“The world’s largest and most complex organizations rely on Expanse for continuous detection, inventory, monitoring, and reporting on dynamically changing attack surfaces.
“Matt and I look forward to working with Palo Alto Networks to protect the Internet for businesses and governments around the world.”
Palo Alto Networks is a multinational cybersecurity company specializing in advanced firewall and cloud-based products.
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