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Palo Alto Networks Acquires Cloud Security Startup Redlock for $173m

Palo Alto Networks Acquires Cloud Security Startup Redlock for $173m Image Credit: Yuktalavannya/Thefastmode.com

Palo Alto Networks, the global cybersecurity leader, announced that it has signed an agreement to acquire cloud threat defense firm RedLock for $173 million in cash.

Founded in 2015, RedLock is made up of security experts and former entrepreneurs of successful cloud security companies. RedLock co-founders, Varun Badhwar and Gaurav Kumar, will join Palo Alto Networks.

Palo Alto Networks already provides a broad security offering for multi-cloud environments with inline, host-based, and API-based security, which was bolstered by the acquisition of Evident.io in March 2018. The company currently serves more than 6,000 cloud customers globally with its cloud security portfolio that includes VM-Series next-generation firewall, Aperture, Evident, and GlobalProtect cloud service.

Palo Alto Networks will combine the Evident and RedLock technologies to provide customers with cloud security analytics, advanced threat detection, continuous security, and compliance monitoring in a single offering anticipated early next year. The company expects that the new offering will help security teams respond faster to the most critical threats by replacing manual investigations with automated, real-time remediation and reports that highlight an organization's cloud risks.

Nikesh Arora, Chairman and CEO, Palo Alto Networks
The addition of their technologies allows us to offer the most comprehensive security for multi-cloud environments, including Amazon Web Services, Google Cloud Platform and Microsoft Azure, and significantly strengthens our cloud strategy going forward.

Varun Badhwar, Co-founder and CEO, Redlock
We are excited to join Palo Alto Networks to bring together the strength of our cloud analytics and their industry-leading compliance technologies to help security teams protect their organizations.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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