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Palo Alto Networks to acquire security assets from IBM in strategic partnership

PUBLIC · PANWMay 15, 2024

Acquiring Company

Palo Alto Networks

Acquired Company

International Business Machines Corporation

Santa ClaraArmonkInformation TechnologySecurityCyber SecurityNetwork SecurityInformation Technologyinformation technology & services

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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Who to call at Palo Alto Networks, and when

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Company Information

Company

Palo Alto Networks

Location

3000 Tannery Way

Santa Clara, California, United States

About

Palo Alto Networks is the world's cybersecurity leader. We innovate to outpace cyberthreats, so organizations can embrace technology with confidence. We provide next-gen cybersecurity to thousands of customers globally, across all sectors. Our best-in-class cybersecurity platforms and services are backed by industry-leading threat intelligence and strengthened by state-of-the-art automation. Whether deploying our products to enable the Zero Trust Enterprise, responding to a security incident, or partnering to deliver better security outcomes through a world-class partner ecosystem, we're committed to helping ensure each day is safer than the one before. It's what makes us the cybersecurity partner of choice. At Palo Alto Networks, we're committed to bringing together the very best people in service of our mission, so we're also proud to be the cybersecurity workplace of choice, recognized among Newsweek's Most Loved Workplaces (2022, 2021), Comparably Best Companies for Diversity (2021), and HRC Best Places for LGBTQ Equality (2022). For more information, visit www.paloaltonetworks.com. Palo Alto Networks, Prisma, and the Palo Alto Networks logo are registered trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. Any unreleased services or features (and any services or features not generally available to customers) referenced in this or other press releases or public statements are not currently available (or are not yet generally available to customers) and may not be delivered when expected or at all. Customers who purchase Palo Alto Networks applications should make their purchase decisions based on services and features currently generally available. 1 Gartner, How Software Engineering Leaders Can Mitigate Software Supply Chain Security Risk, Manjunath Bhat, Dale Gardner, Mark Horvath, 22 November 2022 SOURCE Palo Alto Networks, Inc.

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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.

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