Palo Alto Networks has made it official that it has acquired container security company Twistlock and serverless security company PureSec. Financial details are out that the cybersecurity company is purchasing Twistlock for $410 million, while the details of PureSec deal are yet to be known. Meanwhile, both the deals are expected to close in the 4th quarter of this year.
The technologies driving PureSec and Twistlock are expected to be used in the new cloud security suite of Palo Alto Networks called Prisma. And is said to help secure today’s modern day applications throughout the entire life cycle.
Meanwhile, another acquisition deal which has reached the desk of SEC happens to be tech investor ‘Insight Partners’ buying AI propelled threat intelligence company Recorded Future.
Insight Partners has released a press statement today and said that it is going to buy Recorded Future for $780 million via the all-cash deal.
Founded in the year 2009, the machine learning startup was being funded by Google’s Venture Arm, GV, In-Q-Tel and IA Ventures. Along with Reed Elsevier Ventures, MassMutual Ventures, and Balderton Capital.
New York-based Insight Partners is all set to buy all the stakes related to the Massachusetts startup named Recorded Future and will add an undisclosed amount into the company’s bank account as an additional fund. So, the CEO Christopher Ahlberg will only be a stakeholder in Recorded Future from now on after Insight Partners.