Palo Alto Networks has acquired IBM Corp.'s QRadar cloud security assets as part of its expansion of cloud security services. The acquisition aims to boost Palo Alto Networks' position in the SIEM market and leverage IBM Consulting as a channel for its platform play. CEO Nikesh Arora highlighted the deal's significance in enhancing the company's cybersecurity offerings.
The agreement to acquire @IBM’s QRadar SaaS assets is poised to rapidly elevate @PaloAltoNtwks’ position in the crucial SIEM (security information and event management) market, according to CEO @nikesharora. https://t.co/O8ZkRu5vJh
I think @nikesharora at @PaloAltoNtwks is one of the great leaders of our time. Palo Alto Networks is a fricking machine: 💰 $102BN market cap 🏦 $6.89BN revenue in 2023 🌎 13,900 employees 🤖 Largest cyber company in the world My top 6 lessons 👇 https://t.co/nvmjCTA2cI
.@PaloAltoNtwks buys @IBM's QRadar security offerings in broad alliance https://t.co/xawOy4W02r IBM Consulting will be a big channel for Palo Alto Networks' platform play. @ldignan https://t.co/RwPDoiz13j
As part of @PaloAltoNtwks’ drive to bring more customers onto its @cortexbypanw XSIAM platform, the cybersecurity giant said it’s reached a deal to acquire @IBM’s QRadar software-as-a-service assets. https://t.co/cu8XvW2C9O
Palo Alto Networks is expanding its cloud security services by acquiring IBM Corp.’s QRadar cloud security assets. https://t.co/t3nF5OQrVR