Palo Alto Networks acquires attack surface management platform Expanse in $800m deal

Cybersecurity company Palo Alto Networks has acquired attack surface management platform Expanse for $800m.

The company will pay $670m in cash and stock for Expanse and $130m in replacement equity awards.

Expanse has built an internet collection and attribution platform which constantly monitors the global internet to map exposed and untracked assets that comprise customers’ attack surfaces. It will also evaluate and prioritise risk and provide mitigation. The data provides CISOs with a view of the enterprise from the outside, representing the view an attacker sees as they probe for points of weakness.

The agreement will see Expanse integrate with Palo Atlo’s Cortex solution, which is an AI-powered detection, prevention and automation solution.

Bu integrating, it will empower the service to stitch together external, internal and threat data to offer a complete view of the enterprise.

Palo Alto Networks chairman and CEO Nikesh Arora said, “We are thrilled to add the Expanse platform to our Cortex product suite. By integrating Expanse’s attack surface management capabilities into Cortex after closing, we will be able to offer the first solution that combines the outside view of an organization’s attack surface with an inside view to proactively address all security threats. We believe this will be a game-changer in security operations.”

As part of the deal, Expanse co-founders Tim Junio and Matt Kraning will join Palo Alto Networks.

Expanse co-founder and CEO Tim Junio said, “Expanse’s mission is to discover and mitigate risks for our customers that no one else can find. The world’s largest and most complex organizations trust Expanse to continuously discover, inventory, monitor, and report against their dynamically changing attack surface. Matt and I look forward to joining forces with Palo Alto Networks to help secure the internet for enterprises and governments around the world.”

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