Palo Alto Networks to acquire security assets from IBM in strategic partnership
Acquiring Company
Palo Alto Networks
Acquired Company
International Business Machines Corporation
Description
Palo Alto Networks, a global cybersecurity company, is set to acquire cloud security software assets from IBM as part of a strategic partnership. This acquisition will provide Palo Alto Networks with access to more consultants and a larger customer base, enhancing its security platform and service offerings.
Quick answer
Palo Alto Networks is acquiring International Business Machines Corporation, announced May 15, 2024. Palo Alto Networks is based in Santa Clara, California, United States.
- How much did Palo Alto Networks pay for International Business Machines Corporation?
- The deal value was not disclosed.
- What does Palo Alto Networks do?
- Palo Alto Networks is the world's cybersecurity leader.
- Where are Palo Alto Networks and International Business Machines Corporation based?
- Palo Alto Networks is based in Santa Clara, California, United States. International Business Machines Corporation is based in Armonk, New York, United States.
- Who are the decision-makers at Palo Alto Networks?
- Fundz holds 4 contacts at Palo Alto Networks. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Armis completes acquisition of Silk Security to enhance Armis Centrix™ platform (April 17, 2024)
- HUB Cyber Security completes acquisition of QPoint Technologies, expanding its secure data fabric ecosystem (April 4, 2024)
- Stefanini Group completes acquisition of Brazilian Industry Leader Protega to Expand Cybersecurity Portfolio (April 3, 2024)
- Dedagroup acquires Quod Orbis to integrate CCM platform into its global Risk and Compliance strategy (June 26, 2024)
Who to call at Palo Alto Networks, and when
When Palo Alto Networks changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Palo Alto Networks raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Palo Alto Networks, from your own LinkedIn network
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Related People
Frequently asked
Who acquired International Business Machines Corporation?
International Business Machines Corporation was acquired by Palo Alto Networks, based in Santa Clara. The deal was reported on May 15, 2024. Palo Alto Networks is the world's cybersecurity leader. We innovate to outpace cyberthreats, so organizations can embrace technology with confidence. Palo Alto Networks is publicly traded (PANW) and operates in Information Technology.
When did Palo Alto Networks acquire International Business Machines Corporation?
Palo Alto Networks's acquisition of International Business Machines Corporation was reported on May 15, 2024. Palo Alto Networks, a global cybersecurity company, is set to acquire cloud security software assets from IBM as part of a strategic partnership. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does International Business Machines Corporation do?
International Business Machines Corp (IBM) is a global leader in IT services and consulting, serving 95% of all Fortune 500 companies. It is publicly traded (IBM), operating in Information Technology, and is based in Armonk.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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