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Palo Alto Networks to buy Israeli cloud security co Bridgecrew

Palo Alto Networks to buy Israeli cloud security co Bridgecrew
The US cybersecurity company will pay $156 million cash for Bridgecrew, which codifies infrastructure configuration during development.
Cybersecurity company Palo Alto Networks (NYSE: PANW) has announced that it has entered into a definitive agreement to acquire Israeli cloud security company Bridgecrew for $156 million cash, plus the share options of the company s employees.
Bridgecrew was founded in 2019 by CEO Idan Tendler, Barak Schoster, and Guy Eisenkot, the son of former IDF chief of staff Gadi Eisenkot. The three founders will join Palo Alto Networks.
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Tendler said, We have dedicated ourselves to building developer-first tools that bridge the gap between developers and cloud security. By joining Palo Alto Networks, we will be able to bring codified cloud security to the developer community on a wider scale. We look forward to working together to continue shifting cloud sec ....

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Palo Alto Networks Buys Bridgecrew in 'Shift Left' Cloud Security Push

By Ryan Naraine on February 16, 2021
Palo Alto Networks on Tuesday snapped up early-stage startup Bridgecrew, adding a cloud security platform for developers to its $3.4 billion-a-year enterprise product portfolio.
The two sides said the deal is valued at $156 million in cash and is expected to close in the third quarter this year.
For Palo Alto, the deal is part of a strategy to spend big to snap up early-stage companies in the cloud security and DevOps workflow space. The Bridgecrew deal follows a $420 million purchase of CloudGenix last March and a separate $173 million deal to buy Redlock, both cloud security specialist plays. ....

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