California based Cybersecurity firm Palo Alto Networks has made it official that it has acquired AI-based startup Aporeto for a cash deal of $150 million. The objective of the company behind the acquisition is to use AI and Machine Learning tools of Aporeto to automate significant certain segments of its products and services such as cloud monitoring, firewalls and compliance-related licenses along with endpoint protection.
News is out that Aporeto co-founders Satyam Sinha and Dimitri Stliadis will be joining the Palo Alto networks from early next year and will be given relevant roles to play in the development of the American Multinational Cybersecurity company.
“We are thrilled to welcome Aporeto to our Palo Alto Networks family and feel that the machine identity technology of the newly acquired company will help accelerate our Prisma Cloud capabilities which will help our customers secure their journey to the cloud”, said Nikesh Arora, Chairman, and CEO, Palo Alto Networks.
In another development related to the acquisition by the same company, the Santa Clara based security company is said to have brought the entire stocks of Information Security startup Demistro for $560 million. The former is aiming to gain the threat prevention intelligence and response technology from the latter to strengthen its Application Framework Strategy.
Founded in the year 2015, Demistro is said to offer automation tools for Information Security Management through its Security Orchestration Automation and Response (SOAR) platform.
Note- In June’18, Nikesh Arora, the former executive of Google and Softbank joined the company as the Chairman and CEO. And from then-on the company’s acquisition spree is continuing…