WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Website Related Online Marketing Monday, October 26, 2020 
Add Press Release News | News Feeds Feeds | Email This News Email


Palo Alto Networks Completes Acquisition of The Crypsis Group
Friday, September 25, 2020

SANTA CLARA, Calif., Sept. 17, 2020 /PRNewswire/ -- Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced it has completed its acquisition of The Crypsis Group, a leading incident response, risk management and digital forensics consulting firm. The acquisition will further strengthen Palo Alto Networks Cortex(TM) platform with expert services for incident response and proactive assurance.

"We are excited to welcome The Crypsis Group to Palo Alto Networks," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "This is a team that has handled the most difficult and complex security incidents. The addition of their consulting services will not only strengthen Cortex XDR and help us protect customers from future cyberattacks but also assist in mitigating the potential impact resulting from a breach."

Palo Alto Networks already provides best-in-class prevention, detection and response capabilities through Cortex XDR(TM). The integration of The Crypsis Group's security consulting and forensics capabilities will strengthen Cortex XDR's ability to collect rich security telemetry, manage breaches and initiate rapid response actions. In addition, Palo Alto Networks can now provide incident response and forensic consulting capabilities at scale.

The Crypsis Group CEO Bret Padres and his team will join the Cortex team at Palo Alto Networks. Palo Alto Networks paid approximately $265 million in cash, excluding purchase price adjustments, to acquire The Crypsis Group. The Crypsis Group operated as part of the ZP Group, an organization with a portfolio of companies specializing in breach response, national security solutions and IT staffing.

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.

Palo Alto Networks, Cortex, Cortex XDR, and the Palo Alto Networks logo are 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.

Forward-Looking Statements

This press release contains "forward-looking" statements that are based on our management's beliefs and assumptions and on information currently available to management. Such forward-looking statements include statements regarding the expected benefits of the acquisition of The Crypsis Group to us, and our combined current and future customers, the expected impact of the acquisition on our offerings, and our expectations regarding our existing and acquired offerings and services once integrated performing as intended. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including risks associated with developments and changes in general market, political, economic, and business conditions; the duration and global impact of the COVID-19 pandemic; the impact of COVID-19 on our customers' purchasing decisions; new product and subscription releases; risks associated with managing our growth; our ability as an organization to successfully integrate The Crypsis Group and acquire and integrate other companies, products or technologies in a successful manner; the risks associated with new product, subscription and support offerings, including the discovery of software bugs; our ability to attract and retain new customers; delays in the development or release of new subscription offerings, or the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products and subscription and support offerings; rapidly evolving technological developments in the market for network security products and subscription and support offerings; and length of sales cycles.

Additional risks and uncertainties are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our annual report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on September 4, 2020, which is available on our website at investors.paloaltonetworks.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made or to update the reasons why actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future.

View original content to download multimedia:http://www.prnewswire.com/news-releases/palo-alto-networks-completes-acquisition-of-the-crypsis-group-301133577.html

SOURCE Palo Alto Networks, Inc.



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Expert Opinion on Logo and Brand Identity Redesign for a Digital Landscape | Oct 26, 2020
Nav Color Me Merry Coloring Books Releases Book for Halloween and Launches Indiegogo Campaign | Oct 26, 2020
Nav CivicPlus┬« Donates Over $1 Million to Recognize Local Heroes; Winners to Receive a New Municipal Website with Volunteer Subsite | Oct 26, 2020
Nav Wpromote Named Agency of the Year by Search Engine Land | Oct 26, 2020
Nav ATIF Holdings Limited Invests in Film 'Macao Stories' Releasing in Q4 2020 | Oct 26, 2020
Nav Bell Media President Randy Lennox departing in 2021, Bell Group President Wade Oosterman to lead Bell Media forward | Oct 26, 2020
Nav Littleton Chiropractors Launch New Imperium Health Center Website | Oct 26, 2020
Nav Speech Analytics Market worth $3.8 billion by 2025 - Exclusive Report by MarketsandMarkets(TM) | Oct 26, 2020
Nav Data Masons Unveils Next-Generation Website With Enhanced Capabilities and User Experience to Highlight the Growth in Service Offerings | Oct 26, 2020
Nav Machine Translation Market to Cross USD 1.5B by 2026; Global Market Insights, Inc. | Oct 26, 2020
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News