PAN Deals for Incident Response Firm

Friday, April 13, 2018 @ 01:04 PM gHale

Palo Alto Networks (PAN) reached a deal to pick up Israel-based incident response firm Secdo.

Endpoint detection and response (EDR) capabilities obtained as a result of the Secdo acquisition can improve the Palo Alto Networks Traps endpoint protection product and the Application Framework.

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Secdo’s collection and visualization system will feed data to Palo Alto’s Logging Service in order to give applications running on the Application Framework greater precision, the companies said.

Secdo raised $11 million since it was founded in 2014.

Israeli media reported from sources close to Secdo that Palo Alto Networks has agreed to pay $100 million, mostly in cash.

“We believe security operations teams need the most advanced and consistent approach to endpoint security. With Secdo’s EDR capabilities as part of our platform, we will accelerate our ability to detect and prevent successful cyberattacks across cloud, endpoint, and the network,” said Mark McLaughlin, chairman and CEO of Palo Alto Networks.

Palo Alto Networks expects to complete the acquisition in the third fiscal quarter.



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