Palo Alto Networks, Inc.(PAN) the American Multinational Cyber Security Firm has disclosed on Wednesday that it is going to acquire Cloud Security Startup Redlock for $173 million. The idea is to bring cloud compliance and security analytics together in order to help teams related to SecOps and DevOps teams.
So far, Redlock has developed sophisticated analytics capabilities for companies which capture disparate data sets. By doing so it helps them detect cyber threats and vulnerabilities in time- all in an automated manner of threat remediation.
Coming to PAN, the latest acquisition happens to be a second acquire for this year as the security firm already bagged Cloud security monitoring firm Evident.io in March this year for $300 million.
Security market analysts’ insight the plan of Santa Clara based security firm as a single strategic move to combine cloud security and compliance into a single software suite. The software suite is said to have the utmost security management features across AWS and Azure environments, ensuring that the public cloud users will never ever face compliance issues such as GDPR.
Note 1- In recent past, we have seen companies like Amazon dealing with cloud storage configuration flaws which resulted in user data getting leaked to hackers. Redlock keeps a track of such configurations and warns companies in advance about the security flaw which could throw the stored data to open internet.
Note 2- Launched in the year 2015, Redlock has managed to raise $12 million so far and with the input of $173 million from Palo Alto Networks, investors of Redlock will relish for putting faith in the startup.