Palo Alto Networks Completes Acquisition of The Crypsis Group

Palo Alto Networks (NYSE: PANW) announced it has completed its acquisition of The Crypsis Group, a leading incident response, risk management and digital forensics consulting firm. The acquisition will further strengthen Palo Alto Networks Cortex™ platform with expert services for incident response and proactive assurance.

"We are excited to welcome The Crypsis Group to Palo Alto Networks," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "This is a team that has handled the most difficult and complex security incidents. The addition of their consulting services will not only strengthen Cortex XDR and help us protect customers from future cyberattacks but also assist in mitigating the potential impact resulting from a breach."

Palo Alto Networks already provides best-in-class prevention, detection and response capabilities through Cortex XDR™. The integration of The Crypsis Group's security consulting and forensics capabilities will strengthen Cortex XDR's ability to collect rich security telemetry, manage breaches and initiate rapid response actions. In addition, Palo Alto Networks can now provide incident response and forensic consulting capabilities at scale.

The Crypsis Group CEO Bret Padres and his team will join the Cortex team at Palo Alto Networks. Palo Alto Networks paid approximately $265 million in cash, excluding purchase price adjustments, to acquire The Crypsis Group. The Crypsis Group operated as part of the ZP Group, an organization with a portfolio of companies specializing in breach response, national security solutions and IT staffing.

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About Palo Alto Networks

Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world's greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices.

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Source: Palo Alto Networks, Inc.