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Palo Alto to acquire IBM QRadar Assets in customer acquisition move
Next-gen Cybersecurity
May 15, 2024
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Jun 22, 2024
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Jun 21, 2024
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Jun 21, 2024
Next-gen Cybersecurity

Next-gen Cybersecurity

May 15, 2024

Palo Alto to acquire IBM QRadar Assets in customer acquisition move

M&A

  • Cybersecurity giant Palo Alto Networks is reportedly acquiring assets from IBM's QRadar Security SaaS suite to strengthen its Cortex extended security intelligence and automation management (XSIAM) platform. The deal is expected to close by the end of September 2024.

  • The planned acquisition will also include intellectual property rights from IBM’s QRadar program, and customers will be migrated from QRadar SaaS to Cortex XSIAM once the deal is finalized.

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