Palo Alto Networks is reportedly set to announce the acquisition of application security startup Cider Security for up to $300 million during the security giant's earnings call for the first fiscal quarter of 2023.
Founded by Guy Flechter and Daniel Krivelevich in Israel, Cider Security so far raised $38 million in funding. It offers an AppSec operating system to orchestrate and implement end-to-end continuous integration, continuous delivery (CI/CD) security through an unified platform.
Separately, the security vendor announced a multi-year, nine-figure deal with the U.S. Department of Defense (DoD) ahead of the earnings. DoD will tap the security giant’s Cortex products for internet operations management (IOM) capabilities.
Palo Alto Networks announced it already received an initial $67 million purchase order from DoD for the first three years during the quarter.
“This multi-year partnership is one of the largest software deals in Palo Alto Networks’ history and reinforces that our investment in next-generation security products is meeting the evolving needs of our customers,” Palo Alto Networks Chairman and CEO Nikesh Arora said in a statement. “By providing centralized visibility and situational awareness over its entire global network, we will help the U.S. Department of Defense fulfills its mission of ensuring our nation’s security.”
The vendor pointed out DoD’s global network is one of the most attacked networks in the world and the deal will bring visibility and situational awareness.
Its Cortex suite allows the U.S. military to automatically identify both known and unknown internet-facing assets, remediate, and deploy playbooks for critical vulnerabilities. The suite includes the Palo Alto Networks’ extended detection and response (XDR), artificial intelligence (AI) based extended security intelligence (XSIAM), extended security orchestration, automation, and response (XSOAR), attack surface management (Xpanse) products.
The vendor highlighted that Expanse can help manage internal and external digital attack surfaces across the internet. The platform is based on the vendor’s Expanse acquisition.
Palo Alto Networks bought the attack surface management vendor in 2020 in a $670 million deal. Based in San Francisco, Expanse developed an internet collection and attribution platform that monitors the global internet and maps exposed and untracked assets that comprise customers’ attack surfaces. Additionally, the platform evaluates and prioritizes risk, and then mitigates the threats.
Prior to the acquisition, DoD was Expanse’s customer. Its other customers included CVS Health, Allergan, PayPal, Accenture, Orrick, Lockheed Martin, and the U.S. Department of Energy.
Palo Alto Networks later integrated Expanse into its artificial intelligence-based detection, prevention, and automation portfolio — Cortex.
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