Security News > 2020 > August > Palo Alto Networks to acquire Crypsis Group to expand capabilities and strengthen strategy

Palo Alto Networks announced that it has entered into a definitive agreement to acquire The Crypsis Group, a leading incident response, risk management and digital forensics consulting firm.

Under the terms of the agreement, Palo Alto Networks will acquire The Crypsis Group for a total purchase price of $265 million, subject to adjustment, to be paid in cash.

Palo Alto Networks already provides best-in-class prevention, detection and response capabilities through Cortex XDR. The addition of The Crypsis Group's security consulting and forensics capabilities will strengthen Cortex XDR's ability to collect rich security telemetry, manage breaches and initiate rapid response actions.

"We have dedicated ourselves to creating a more secure world through the fight against cybercrime. Together with Palo Alto Networks, we will be able to help businesses and governments better respond to threat actors on a global scale." - Bret Padres, CEO of The Crypsis Group.

"Bret Padres and the Crypsis leadership team have built a world-class incident response and digital forensics company. I cannot think of a better organization to leverage and scale the services that Crypsis offers than Palo Alto Networks." - Justin Jordan, chairman and CEO of ZP Group.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/TwdTMnbtVFQ/