Palo Alto Networks acquires Dig Security n Accenture purchases Innotec Security

Palo Alto Networks, a cybersecurity company based in California, has officially announced its acquisition of the security startup ‘Dig Security,‘ although the exact purchase price remains undisclosed. The announcement comes after weeks of speculation on Reddit, suggesting that Dig initially hesitated to accept the terms and conditions presented by Palo Alto since September this year. However, they eventually reached an agreement, putting an end to the ongoing speculation surrounding the deal.

In today’s data-driven world, where information is spread across various platforms, safeguarding it with multi-layered security measures is imperative. Organizations are actively seeking robust data security posture management solutions, and Palo Alto aims to provide this technology by integrating Dig Security’s expertise into its Prisma Cloud Platform. This integration will enhance security management across multiple cloud domains and mitigate the risks associated with data breaches.

In another notable acquisition, the technology giant Accenture has officially announced its acquisition of Spain-based Innotec Security, a company specializing in providing cybersecurity-as-a-service and assisting businesses in achieving cyber resilience and managing cyber risks. While the financial terms of the deal have not been disclosed, Entelgy Group, the previous owner of Innotec Security, has confirmed the authenticity of the news. They have stated that the formalization of the deal’s terms will be completed by the end of this month, with the entire purchase process anticipated to conclude by February 2024.

Innotec Security was widely recognized as a leader in offering threat detection, simulation, analysis, and incident management services in Spain. Its client base spans various industries, including finance, manufacturing, logistics, healthcare, transportation, and the public sector. Accenture’s strategic move to acquire Innotec Security aims to enhance its regional capabilities and resources, leveraging the technology and customer database from the Spanish firm to solidify its corporate presence across Europe.

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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