September 4, 2024 at 06:22PM
Palo Alto Networks spends $500 million to acquire IBM’s QRadar SaaS service, aiming for a customer share. IBM assures a seamless migration to PAN’s Cortex system for eligible customers. The partnership will focus on advanced threat protection, response, and security operations using Cortex XSIAM and watsonx. IBM will continue investing in data security and identity and access management technologies.
The meeting notes reveal that Palo Alto Networks has successfully acquired IBM’s QRadar SaaS service at a cost of $500 million, aimed at acquiring customer share for its next-gen AI security Cortex platform. IBM promises a seamless and cost-free migration to PAN’s Cortex system for eligible customers, with over 1,000 consultants trained on the system. Additionally, IBM underscores its strategic advantage by partnering with PAN on advanced threat protection, response, and security operations using Cortex XSIAM and watsonx AI technologies.
PAN emphasizes its commitment to innovation and the transformative potential of Precision AI-powered platforms, indicating a focus on helping organizations defend against evolving cyber threats. The practical impact of this acquisition is IBM shifting to PAN, with a significant number of IBM staff set to undergo training on PAN’s Prisma SASE 3.0 security software. Ultimately, this strategic move positions PAN to gain a notable share of the security management market.