Palo Alto Networks to buy VC-backed Aporeto

Palo Alto Networks has agreed to acquire San Jose-based Aporeto Inc, a machine identity-based microsegmentation company

Palo Alto Networks has agreed to acquire San Jose-based Aporeto Inc, a machine identity-based microsegmentation company. The price of the acquisition will be about $150 million. Aporeto’s backers include Norwest Venture Partners, Wing and Data Collective Venture Capital.

PRESS RELEASE

SANTA CLARA, Calif., Nov. 25, 2019 — Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced that it has entered into a definitive agreement to acquire Aporeto Inc., a machine identity-based microsegmentation company. Under the terms of the agreement, Palo Alto Networks will pay approximately $150 million in cash to acquire Aporeto, subject to customary adjustments. The acquisition is expected to close during Palo Alto Networks fiscal second quarter, subject to the satisfaction of customary closing conditions.

Palo Alto Networks provides the most complete cloud security suite in the industry, with a broad set of capabilities in all critical areas of cloud security. The proposed acquisition of Aporeto will further strengthen the company’s Cloud Native Security Platform delivered by Prisma™ Cloud.

Aporeto identifies workloads and applies microsegmentation across all infrastructures, helping customers secure their applications at scale. The company was recognized as a Gartner Cool Vendor in Cloud Security in 2018 and named to the 2019 CNBC Upstart 100 list. Aporeto co-founders Dimitri Stiliadis and Satyam Sinha have agreed to join Palo Alto Networks.

“We are thrilled to welcome Aporeto to the Palo Alto Networks family. We believe the addition of Aporeto’s unique machine identity technology will further enhance our leading Prisma Cloud capabilities and strengthen our commitment to helping customers secure their journey to the cloud.”
– Nikesh Arora, chairman and CEO, Palo Alto Networks

“We have dedicated ourselves to helping organizations securely embrace the cloud. Teaming up with Palo Alto Networks allows us to bring our machine identity-based microsegmentation technology to a large customer base. We are thrilled to join forces to help customers secure their journey to the cloud.”
– Dimitri Stiliadis, co-founder and CTO, Aporeto

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.