Palo Alto Networks Buys Expanse for $800M
November 12, 2020
Palo Alto Networks has entered into a definitive agreement to acquire Expanse Inc., a leader in attack surface management. Under the terms of the agreement, Palo Alto Networks will acquire Expanse for a total purchase price of approximately $670 million to be paid in cash and stock and approximately $130 million in replacement equity awards, each such amount subject to adjustment. The proposed acquisition is expected to close during Palo Alto Networks fiscal second quarter, subject to the satisfaction of regulatory approvals and other customary closing conditions.
Nikesh Arora, chairman and CEO of Palo Alto Networks said, "We are thrilled to add the Expanse platform to our Cortex product suite. By integrating Expanse's attack surface management capabilities into Cortex after closing, we will be able to offer the first solution that combines the outside view of an organization's attack surface with an inside view to proactively address all security threats. We believe this will be a game-changer in security operations."
Tim Junio, co-founder and CEO of Expanse added, "Expanse's mission is to discover and mitigate risks for our customers that no one else can find. The world's largest and most complex organizations trust Expanse to continuously discover, inventory, monitor, and report against their dynamically changing attack surface. Matt and I look forward to joining forces with Palo Alto Networks to help secure the internet for enterprises and governments around the world."
companies embark on digital transformation, they often leave critical IT
assets exposed to the internet, creating vulnerable points that
attackers can exploit. This exposure has only accelerated with the rapid
shift to the cloud and remote working.