Cisco | September 25, 2023
Cisco and Splunk are joining forces to advance organizations from reactive threat handling to proactive threat anticipation and prevention.
Together, they will emerge as a major global software entity, boosting Cisco's shift towards recurring revenue.
This collaboration unites two esteemed workplaces with shared values, robust cultures, and skilled teams.
The synergy between these pioneering companies positions them for leadership in AI-driven security and observability.
Anticipated to yield positive cash flow and improved gross margins in the initial fiscal year following the merger, with non-GAAP EPS enhancement expected by year two.
Cisco and Splunk, the leader in cybersecurity and observability, today announced a definitive agreement under which Cisco will acquire Splunk for $157 per share in cash, representing an equity value of approximately $28 billion. Gary Steele, president and CEO of Splunk, will join Cisco's Executive Leadership Team upon completion of the acquisition, reporting to Cisco chair and CEO Chuck Robbins.
Chair and CEO of Cisco, Chuck Robbins, remarked,
We're excited to bring Cisco and Splunk together. Our combined capabilities will drive the next generation of AI-enabled security and observability. From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient.
[Source: Cision PR Newswire]
Every company relies on data to operate its business and make mission-critical choices in today's hyper-connected environment. Accelerating and adopting generative AI, growing danger surfaces, and different cloud environments offer unprecedented complexity for enterprises. To be digitally resilient, organizations must better manage, preserve, and unleash data's value.
Gary Steele, president and CEO of Splunk, stated that they would together form a global security and observability leader that will harness the power of data and AI to deliver outstanding customer outcomes and transform the industry. Steele added that they’re eager to join forces with a trusted and long-time partner who shares their passion for innovation and top customer experience, and they expect their community of Splunk employees to benefit from the greater opportunities as they bring together two purpose-driven and respected organizations.
Cisco and Splunk will give insight across hybrid and multi-cloud systems, enabling clients to provide seamless application experiences for digital enterprises. The companies can help other organizations responsibly use AI due to their scale, data visibility, and trust. These two firms will unite to invest more in innovative products, accelerate innovation, and expand globally to serve clients of all sizes. The transaction is expected to be cash flow positive and gross margin accretive in the first fiscal year post-close, with non-GAAP EPS accretive in year two. The acquisition is subject to regulatory approval and customary closing conditions, including approval by Splunk shareholders.
Advisors for the Cisco-Splunk acquisition include Tidal Partners LLC, Simpson Thacher & Bartlett LLP Cravath and Swaine & Moore LLP, among others.
Palo Alto Networks | November 08, 2023
Palo Alto Networks plans to acquire Talon Cyber Security to enhance its Secure Access Service Edge (SASE) solution.
Talon's Enterprise Browser technology, when integrated with Prisma SASE, will provide secure access to business applications.
The acquisition reflects the importance of adapting SASE solutions to ensure consistent security for unmanaged devices.
Palo Alto Networks, a global cybersecurity leader, has announced its intent to acquire Talon Cyber Security, an enterprise browser technology pioneer, to enhance its Secure Access Service Edge (SASE) solution and provide comprehensive protection for managed and unmanaged devices. In today's digital landscape, unmanaged devices often connect to enterprise applications without adequate security measures, making them susceptible entry points for attackers seeking to access sensitive information.
Lee Klarich, Chief Product Officer of Palo Alto Networks, emphasized the importance of securing all work activity through an Enterprise Browser without compromising device privacy to protect users and applications effectively. He continued that the integration of Talon's technology with Prisma SASE aims to provide consistent security for all users and devices. Anand Oswal, SVP and GM at Palo Alto Networks highlighted the significance of securing unmanaged devices with the same robust security as managed devices, especially in today's dynamic threat landscape. HE further stated that the combination of Prisma SASE and Talon's Enterprise Browser is poised to revolutionize security measures in modern digital environments.
Talon Cyber Security's Enterprise Browser technology offers an innovative solution that, when integrated with Prisma SASE, will enable users to securely access business applications from any device, including non-corporate devices, while ensuring a seamless user experience. This strategic move by Palo Alto Networks addresses the evolving security challenges in a connected world.
Talon's Co-Founder and CEO, Ofer Ben-Noon, acknowledged the shifting work models and user preferences and the need for powerful last-mile security solutions. Talon's Enterprise Browser is designed to offer familiar user experiences with enterprise-grade protection. Ben emphasized that partnership with Palo Alto Networks is seen as a catalyst to accelerate its mission of delivering superior outcomes for customers.
Talon, founded by Ofer Ben-Noon and Ohad Bobrov, secured the RSA Conference's Innovation Sandbox contest in 2022. The co-founders will continue to lead their teams within the Prisma SASE team at Palo Alto Networks upon the completion of the acquisition.
Anand Oswal, Senior Vice President and General Manager at Palo Alto Networks, highlighted the advantages and security risks associated with Bring Your Own Device (BYOD) policies. He noted that Talon's Enterprise Browser provided security teams enhanced visibility and control over work-related Software as a Service (SaaS) and web activity across all devices, including personal and unmanaged endpoints. Anand emphasized the need for Secure Access Service Edge (SASE) solutions to adapt in order to secure unmanaged devices with the same consistent security measures applied to managed devices. This would enable users to access business applications securely from any device and location.
Network Threat Detection
PR Newswire | October 04, 2023
Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced a strategic global alliance with Palo Alto Networks to provide end-to-end network and cybersecurity services, including the launch of a new service offering, powered by Prisma SD-WAN for enterprises and Industry 4.0 customers.
The alliance brings together Palo Alto Networks industry-leading platform security capabilities with Kyndryl's advanced network security services expertise to design, build, manage, and modernize mission-critical networking for customers across industries.
The companies are joining forces to capitalize on emerging opportunities in the SD-WAN infrastructure market that IDC estimates will grow at a compound annual growth rate of 10.1% through 2027. As the demands of enterprise mobility accelerate, enterprises are looking for greater operational agility to support their digital transformation. Businesses need to support the growing number of devices used to access the corporate network and cloud-based applications, while also meeting evolving security and compliance requirements.
Kyndryl and Palo Alto Networks are partnering to help businesses deliver consistent security and an enhanced user experience for customers everywhere, and across industries such as services, manufacturing, energy, healthcare, and retail. Kyndryl's new SD-WAN offering, powered by Prisma SD-WAN, will enable customers to transform and modernize their networks and meet the growing bandwidth demands of the proliferation of devices and cloud traffic. The new approach to network connectivity will provide a single pane of glass management to their networks, and simplifies deployment to branch-offices and edge services. By helping customers transition into a flexible and scalable network, Kyndryl will be able to help enterprises build a roadmap and incorporate new security paradigms such as SASE with Kyndryl Consulting services.
At Kyndryl, we are at the forefront of helping enterprises with their network transformation to meet the growing trends of remote work, multi-devices usage, and cloud and data access. As organizations move away from traditional hardware-centric models to OPEX consumption models, the need for agile, highly secure and reliable networks is imperative, said Stephen Leonard, SVP of Global Strategic Alliances, Kyndryl. We are delighted to partner with Palo Alto Networks to provide robust and versatile network security services that will provide many benefits to our customers.
"Together with Kyndryl, we are enabling enterprises to digitally transform confidently and innovate securely, while reaping the benefits of consolidating disparate security solutions into an integrated, best of breed platform," said Prem Iyer, SVP of Global Ecosystems for Palo Alto Networks. "We are committed to helping our joint customers achieve better security outcomes while protecting the modern connected organization from increasingly sophisticated attacks."
The global partnership between Kyndryl and Palo Alto Networks builds on the companies' established collaboration around security services and solutions. In July Kyndryl launched its new Security Operations as a platform (SOaap) solution leveraging Palo Alto Networks Cortex technology to drive operational savings and time-to-value through automation and orchestration.
Earlier this year, Kyndryl and Palo Alto Networks, together with Nokia, established an innovation lab in support of joint enterprise customers. By the end of the year, customers will be able to view innovative industrial edge use cases running on cloud, 4.9G/LTE and 5G private wireless connectivity. This will include remote manufacturing process control and real-time analytics on factory production sites, provisioning and management of mobile devices to improve the employee and frontline worker experience for onboarding and communication, and IT and OT security integration for worker safety and operational efficiencies. Kyndryl's industrial edge platform will be integrated with a multi-factor zero trust model built on Palo Alto Networks next-generation firewalls, run on Nokia's MXIE Industrial edge as part of Nokia Digital Automation Cloud (DAC)'s solutions, and with end-to-end managed services provided by Kyndryl.
Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider, serving thousands of enterprise customers in more than 60 countries. The company designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. For more information, visit www.kyndryl.com.