PALO ALTO SECURES CIDER SECURITY TO ENRICH APPLICATION PROTECTION
Palo Alto Networks says its Prisma Cloud platform will
benefit from this acquisition by giving protection to applications within their
lifespan. Again, the growing nature and sophistication in cyberattack puts
software supply chain in a vulnerable position, considering the developer tools
used in app development.
Chief
Product Officer for Palo Alto Networks, Lee Klarich said “Any organization
using public cloud has an application infrastructure with hundreds of tools and
applications that can access their code and yet, they have limited visibility
to their configuration or if they are secured,”
“Cider
has made it possible to connect into infrastructure, analyze the tools, and
identify the risks, as well as how to remediate them. We are acquiring Cider
for their innovation that will help enable Prisma
Cloud to provide this capability that anyone doing cloud
operations has to have.”
The
amount paid, as recorded from Palo Alto’s statement, is a cash sum of $195
million, minus equity. A scheduled completion of this deal is slated for the
announcement of fiscal results for the second quarter of 2023.
“We
designed an AppSec platform that allows engineering to continue to move fast,
without making compromises on security. It's only fitting that we join Palo
Alto Networks, a company built upon landmark cybersecurity 'firsts'. There
couldn't be a better fit for Cider…By scanning and securing the CI/CD pipeline,
we can help identify where there may be vulnerabilities in your code. Prisma Cloud will now be the ultimate
solution for code to cloud security,”, Chief Executive Officer (CEO) at Cider
Security, Guy Flechter added
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