Palo Alto Networks to acquire Evident.io for $300 million
Palo Alto Networks is acquiring cloud security compliance company Evident.io for $300 million, the two California-based companies announced on Wednesday. The company will leverage Evident.io’s technology in its existing capabilities, which will help customers deploy applications to the cloud more easily and securely. In particular, Palo Alto Networks highlights integrating Evident.io into its API-based security for infrastructure using public cloud services. “Once integrated with the Palo Alto Networks cloud security offering, customers will be able to use a single approach to continuous monitoring, storage security, and compliance validation and reporting,” the company said in a press release. Evident.io provides cloud security and compliance automation services to organizations that use public cloud services like Amazon Web Services and Microsoft Azure. Organizations that use such services often must comply with regulatory requirements relating to data storage, encryption and access control, among other things. “Organizations tend to lean heavily on manual inspection and audits to […]
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Source: Palo Alto Networks to acquire Evident.io for $300 million