Palo Alto Networks said Wednesday it will pay $670M in cash and stock and about $130M in replacement equity awards to buy Expanse and expects to close the transaction during its fiscal second quarter, subject to regulatory approvals and other customary closing conditions.
Expanse Co-founders Tim Junio and Matt Kraning will join Palo Alto Networks upon the deal’s closing.
Nikesh Arora, chairman and CEO of Palo Alto Networks, said the company will integrate Expanse’s platform into its Cortex product suite to provide organizations with an outside and inside view of their attack surfaces.
Expanse designed its platform to help customers prioritize and mitigate security risks by monitoring the internet to map untracked and exposed assets and providing an outside view of the enterprise’s attack surface. The company’s customers include government agencies and organizations in the technology, health care, entertainment and financial industries.
CACI International has secured a potential five-year, $416 million SeaPort-Next Generation task order to sustain and modernize information technology systems…
Cherry Bekaert has acquired accounting and advisory firm Tarsus to expand outsourced accounting, real-time financial reporting and strategic chief financial…
General Dynamics Information Technology has received a U.S. Navy contract worth $988 million to modernize and integrate command, control, communications,…
Dave Wajsgras, an eight-time Wash100 Award winner, has been named chairman and CEO of Everfox. The cybersecurity company said Monday that Wajsgras will…
The Transportation Security Administration has announced a contract opportunity with an estimated value exceeding $100 million for enterprise-wide IT support…
