November 17, 2022
Palo Alto Networks is acquiring Cider Security, a Israel-based provider of application security and software supply chain security, for $195 million in cash.
The Cider Security acquisition supports Palo Alto Networks Prisma Cloud’s platform approach to securing the entire application security life cycle. Prisma Cloud will now provide a supply chain security solution as part of its code-to-cloud security platform.
Under the terms of the agreement, Palo Alto Networks will acquire Cider Security for about $195 million in cash.
Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.
The proposed acquisition should close by the end of January, subject to customary closing conditions.
Acquiring Cider Security for Its Innovation
Lee Klarich is Palo Alto Networks‘ chief product officer.
Palo Alto Networks’ Lee Klarich
“Any organization using public cloud has an application infrastructure with hundreds of tools and applications that can access their code,” he said. “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.”
Palo Alto Networks is acquiring Cider Security for its innovation, Klarich said. That will help enable Prisma Cloud to provide what anyone doing cloud operations has to have.
Cider Security provides security and engineering teams with a single, consistent method to orchestrate and implement end-to-end continuous integration/continuous delivery (CI/CD) security through a single, unified platform.
Guy Flechter is Cider Security’s CEO.
“We designed an AppSec platform that allows engineering to continue to move fast, without making compromises on security,” he said. “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.”
About the Author(s)
You May Also Like
AWS re:Invent Partner, Vendor News: Cisco, Salesforce, MoreDec 01, 2023
People on the Move: Comcast, Cisco, NICE, TPx, Barracuda, MoreNov 29, 2023
AWS re:Invent 2023 Partner News: Marketplace, Salesforce, Certs, MoreNov 29, 2023
AWS re:Invent Expo: VMware, Snyk, HPE, More Showcase Cloud, Security, AINov 28, 2023