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AI & Enterprise
Security industry M&A accelerates amid AI spread as Palo Alto, Proofpoint step up acquisitions
Security industry consolidation is accelerating as the market reshapes around AI, with companies pursuing mergers and acquisitions. The Wall Street Journal reported that Proofpoint, owned by private equity firm Thoma Bravo, is in late-stage talks to buy cybersecurity firm Varonis Systems. Separately, Palo Alto Networks bought AI agent startup Console for $500 million in cash and stock and plans to integrate the technology into its Cortex security platform.
AI & Enterprise
Palo Alto Networks to acquire Embrace to boost observability platform
Palo Alto Networks plans to acquire user experience observability company Embrace, SecurityWeek reported on July 22. Financial terms were not disclosed. The acquisition will add real user monitoring (RUM) capabilities to Palo Alto Networks\' observability platform. The company also unveiled Synthetics, which checks application performance in advance across multiple global locations. Palo Alto Networks said Embrace\'s RUM is designed for cloud-native environments.
AI & Enterprise
Big firms heat up M&A in global security market at start of year
Merger-and-acquisition activity led by major players is picking up in the global security market at the start of the year. SiliconAngle, citing Israeli outlet Calcalist, reported Palo Alto Networks is pursuing Israeli cybersecurity startup Koi Security in a deal valued at about $400 million. Separately, Calcalist reported Cisco is seeking to buy security asset-management startup Axonius for about $2 billion, though Axonius said it has not held acquisition talks with Cisco.