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Palo Alto Networks To Acquire Cloud Security Company Bridgecrew For $156M

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Anusuya Lahiri
·1 min read
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  • Palo Alto Networks Inc (NYSE: PANWinked an agreement to acquire developer-first cloud security company Bridgecrew for $156 million in cash to deliver security across the full application lifecycle.

  • The company’s Prisma Cloud customers will gain from a single platform that will deliver cloud security from build time to runtime, impeccably connecting security and DevOps teams upon the addition.

  • Bridgecrew’s open-source IaC scanner, Checkov, has surpassed 1 million downloads in 2020 in its first full year of accessibility. Its full security platform has witnessed significant early traction across many cloud-first organizations and several industries.

  • Palo Alto Networks will continue to capitalize on Bridgecrew’s open-source initiatives towards its continuing commitment to DevOps security.

  • The company also launched a complete cloud-delivered platform Prisma Access 2.0, including self-healing infrastructure, ML-powered security, cloud secure web gateway (SWG) capabilities, and a reimagined cloud management experience.

  • Price Action: PANW shares are down 0.48% at $393.23 on the last check Tuesday.

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