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Palo Alto Networks Is Buying Security Assets From IBM
Palo Alto Networks is acquiring IBM's QRadar cloud software and migrating customers to its Cortex Xsiam platform as part of a broader partnership aimed at expanding its consulting capabilities and customer base. The sum of the deal was not disclosed. CNBC reports: The move normally takes one to thr...
[...] For IBM, a more robust lineup of contemporary security tools for consulting might help the company deliver on its stated goal of revenue growth in the mid-single digits for 2024. The companies said the transaction should close by the end of September, subject to regulatory approval and other conditions. At the same time, IBM will suggest that clients using it consider switching to Palo Alto's Cortex Xsiam.
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