Palo Alto Networks acquires container security firm Twistlock for $410 mln

Palo Alto Networks has acquired Twistlock, a container security company, for about $410 million in cash. Twistlock’s backers included Iconiq Capital, Dell, YL Ventures, Ten Elevent Ventures and Polaris Partners.

PRESS RELEASE

SANTA CLARA, Calif., July 9, 2019 — Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, announced today that it has completed its acquisition of Twistlock, the leader in container security, to extend its Prisma™ cloud security strategy. This acquisition will further advance the company’s ability to secure today’s modern applications throughout the entire life cycle, enabling organizations to deliver innovations that are secure, reliable, and scalable.

“As a growing number of organizations move their business to the cloud, developers increasingly rely on cloud-native technologies such as containers and serverless infrastructure to accelerate the development, testing, and deployment of modern applications and services,” said Nikesh Arora, CEO of Palo Alto Networks. “We are excited to welcome Twistlock to Palo Alto Networks. With Twistlock’s market-leading container security capabilities, we are more confident than ever in our ability to enable a secure journey to the cloud for our customers.”

Twistlock combines vulnerability management, compliance, and runtime defense for cloud-native applications and workloads. The company serves more than 300 customers, with more than a quarter of those on the Fortune 100 list. Twistlock co-founders, Ben Bernstein and Dima Stopel, will join Palo Alto Networks. Twistlock will continue to be available as a standalone product and will also be integrated into Prisma Public Cloud.

Containers are a fast-growing software development infrastructure option. The technology packages code, configurations, and dependencies, enabling organizations to deliver software more quickly and easily.

Palo Alto Networks paid approximately $410 million in cash, excluding purchase price adjustments, to acquire Twistlock. The company announced another addition to its Prisma cloud security suite with the completion of its acquisition of PureSec, a leader in serverless security, on June 13, 2019. With the acquisitions of Twistlock and PureSec, customers migrating to the cloud can now rely on Prisma to secure all types of cloud workloads and architectures, across multiple public cloud provider platforms, as well as private and hybrid cloud environments.

About Palo Alto Networks
Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world’s greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before. For more information, visit www.paloaltonetworks.com.