Palo Alto Networks, a global cybersecurity leader, has announced the completion of its acquisition of IBM QRadar SaaS business. The transaction, valued at approximately $5 billion, marks a significant expansion of Palo Alto Networks’ capabilities in the cybersecurity domain.
The Acquisition Details
On September 4, Palo Alto Networks revealed that it has successfully closed the deal to acquire IBM QRadar SaaS business. As part of the acquisition, Palo Alto Networks plans to migrate QRadar SaaS customers to its Cortex XSIAM platform. IBM, in turn, will become the preferred managed security services provider for Cortex XSIAM.
The acquisition of QRadar SaaS is a strategic move by Palo Alto Networks to enhance its cybersecurity offerings. QRadar, an integrated security suite, provides a range of products including Endpoint Detection and Response (EDR), Endpoint Multilayer Detection and Response (XDR), Managed Detection and Response (MDR), QRadar SIEM Security Analytics, QRadar SOAR, and QRadar Log Insights, among others.
Cortex XSIAM: A Comprehensive Security Platform
Cortex XSIAM, powered by Precision AI, is designed to integrate SIEM, SOAR, ASM, and XDR capabilities into a single platform. This integration aims to simplify security operations and prevent threats more effectively. By migrating QRadar SaaS customers to Cortex XSIAM, Palo Alto Networks seeks to provide a more comprehensive and efficient security solution.
IBM’s Role in the Transition
Following the acquisition, IBM will assist in the migration of QRadar customers to Cortex XSIAM. Moreover, IBM is deploying Cortex XSIAM as its next-generation security operations platform and has become the preferred managed security services provider for Cortex XSIAM. IBM is also training over 1,000 consultants to understand Palo Alto Networks’ security solutions.
Support for Local QRadar Users
For QRadar users who plan to remain on the local platform, IBM will continue to provide the necessary support, including security, availability, and fixes for critical bugs.
Conclusion
The acquisition of IBM QRadar SaaS business by Palo Alto Networks is a significant development in the cybersecurity industry. By integrating QRadar’s capabilities into its Cortex XSIAM platform, Palo Alto Networks aims to provide a more comprehensive and efficient security solution to its customers. As IBM transitions its QRadar customers to Cortex XSIAM, the cybersecurity landscape continues to evolve, with both companies working together to deliver advanced security solutions to the market.
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