Cybersecurity player Palo Alto Networks has announced that it has entered into a definitive agreement to acquire Expanse Inc., a provider of attack surface management.
Under the terms of the agreement, Palo Alto Networks will acquire San Francisco-based Expanse for a total purchase price of approximately $670 million to be paid in cash and stock and approximately $130 million in replacement equity awards, each such amount subject to adjustment.
The proposed acquisition is expected to close during Palo Alto Networks fiscal second quarter, subject to the satisfaction of regulatory approvals and other customary closing conditions.
“We are thrilled to add the Expanse platform to our Cortex product suite,” Nikesh Arora, chairman and CEO of Palo Alto Networks. “By integrating Expanse’s attack surface management capabilities into Cortex after closing, we will be able to offer the first solution that combines the outside view of an organization’s attack surface with an inside view to proactively address all security threats. We believe this will be a game-changer in security operations.”
Expanse’s data provides CISOs with a view of the enterprise from the outside, representing the view an attacker sees as they probe for points of weakness. Once combined, the Expanse platform will significantly enrich the Cortex product suite and create the ability to stitch together external, internal and threat data to provide organizations with a complete, integrated view of the enterprise.