Cyber security vendor Palo Alto Networks has announced that it has entered into a definitive agreement to acquire Aporeto, a machine learning microsegmentation provider.
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 cloud security suite, 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 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,” says Nikesh Arora, chairman and CEO, Palo Alto Networks.