Palo Alto Networks recently revealed plans to acquire cloud security software, QRadar, from IBM. The acquisition comes as part of a larger alliance intended to enhance Palo Alto’s reach with IBM’s wide customer base and sizeable consulting team.
No financial details regarding the deal have been released. However, QRadar users can expect to migrate over to Palo Alto’s Cortex Xsiam security platform in the next one to three months, according to Palo Alto CEO, Nikesh Arora.
In addition to the acquisition, IBM plans to groom over 1,000 of its consultants on Palo Alto’s comprehensive product range. The collaboration highlights the increasing necessity for industry consolidation due to the growing threat of AI-generated cybercrimes.
IBM also aims to incorporate Palo Alto’s innovative security solutions into its own product offerings.
Palo Alto set to acquire IBM’s QRadar
This extends beyond merely combatting online threats; it equips businesses with the essential tools and knowledge to proactively approach the changing landscape of cybercrime.
The QRadar acquisition follows hot on the heels of Palo Alto’s major purchase of Splunk, a top security information and event management (SIEM) software provider. Both deals enhance Palo Alto’s cybersecurity prowess and expand its portfolio, potentially positioning the company as a leading player in the cybersecurity field.
Meanwhile, key competitors in the SIEM market, such as Exabeam and LogRhythm from Thoma Bravo, are also employing similar consolidation methods. The aim is clear; to increase their footprint in the intensifying cybersecurity space.
Interestingly, despite both Palo Alto and IBM providing SIEM software, they’re not directly competitive in the sector, according to IBM CEO, Krishna. The companies are strengthening their combined efforts, with robust discussions currently in progress to further enhance their mutual collaboration.
