Palo Alto Networks takes over ZP Group-owned The Crypsis Group to beef up its in-house detection and response platform Cortex XDR with digital forensics capabilities and grow consulting prowess.Â Â
One of the leading cybersecurity vendors, Palo Alto Networks plans to push the boundaries of digital forensics and incident response with the acquisition of The Crypsis Group. The company struck a $265 million deal with The Crypsis Group’s parent ZP Group, a security consultancy to bulk up its in-house detection and response solution Cortex XDR. The buy would also help Palo Alto Networks position Cortex XDR as a premium SOAR offering.
Nikesh Arora, Chairman and CEO at Palo Alto Networks said, â€œThe proposed acquisition of The Crypsis Group will significantly enhance our position as the cybersecurity partner of choice, while expanding our capabilities and strengthening our Cortex strategy.â€
The solution will enable security consultants to pinpoint exactly where and why a security incident occurred and provide the means to ensure it is sealed for all future attacks.Â Arora adds, â€œBy joining forces, we will be able to help customers not only predict and prevent cyberattacks but also mitigate the impact of any breach they may face.â€
Learn More: The Complete Guide to Incident Response
Over 150 of The Crypsis Group’s consultants will join Palo Alto Networks including its CEO Bret Padres. Padres said, â€œWe have dedicated ourselves to creating a more secure world through the fight against cybercrime.â€ Additionally, these consultants have handled more than 1,300 incidents annually for over 1,700 organizations across the healthcare, financial services, retail, e-commerce and energy industries. Padres adds, â€œTogether with Palo Alto Networks, we will be able to help businesses and governments better respond to threat actors on a global scale.â€Â
This acquisition would be Palo Alto Networks’ seventh since the addition of Security Orchestration, Automation and Response (SOAR) provider Demisto in February 2019.Â Â Â