Palo Alto Networks is all set to buy out U.S.-based cloud security firm Evident.io for a total purchase price of $300 million to be paid in cash. The co-founders of Evident.io, Tim Prendergast and Justin Lundy, will join Palo Alto Networks.
The Evident Security Platform (ESP) enables organizations of all sizes to proactively manage cloud security risk — minimizing attack surface and improving overall security posture, all from a single dashboard. ESP continuously monitors AWS and Microsoft Azure deployments, identifying and assessing security risks, providing security staff with expert remediation guidance, and enabling painless security auditing and compliance reporting.
“We believe enterprises will become even more cloud-centric in the future and require prevention methods that have been designed for the cloud. With Evident as part of our platform, Palo Alto Networks will be the only vendor that can deliver a holistic cloud offering to address the critical security needs of today’s enterprise customers as they journey to the cloud.” said Mark McLaughlin, chairman and CEO, Palo Alto Networks
The marriage of technologies between Palo Alto and Evident.io will enable its customers using Palo Alto’s cloud security offering be able to use a single approach to continuous monitoring, storage security, and compliance validation and reporting. This will give security, DevOps and compliance teams unique capabilities to confidently develop and deploy new applications in the cloud faster. It will also simplify developer and security operations to speed deployments without sacrificing security, in addition, to continuously validate compliance of cloud deployments.
“Justin and I are delighted to join the Palo Alto Networks team. We founded Evident.io to secure our customers’ public cloud infrastructure and services without slowing down innovation. The combined capabilities of Evident.io and Palo Alto Networks will provide customers the confidence they need to run better, faster, and more securely in the cloud.” said, Tim Prendergast, co-founder and CEO, Evident.io.
