Palo Alto Networks to acquire IoT cybersecurity company Zingbox

TAGS

Palo Alto Networks acquisition of  : US cybersecurity company has agreed to acquire IoT cybersecurity company Zingbox for $75 million in an all-cash deal.

Using advanced and technologies, Zingbox’s cloud-based service discover, identify, secure and optimize IoT devices, and helps businesses realize the full potential of their connected devices.

Palo Alto Networks with the addition of Zingbox will speed up IoT security delivery through its Next-Generation Firewall and Cortex platforms.

See also  Ingersoll Rand acquires SPX FLOW’s air treatment business for $525m

Commenting on Palo Alto Networks acquisition of  Zingbox, Nikesh Arora – chairman and CEO of Palo Alto Networks, said: “The proliferation of IoT devices in enterprises has left customers facing an enormous gap in protection against cybersecurity attacks. With Zingbox’s IoT capabilities, we will provide a first-of-its-kind subscription for our Next-Generation Firewall and Cortex platforms that gives customers the ability to gain control, visibility, and security of their connected devices at scale.”

Palo Alto Networks acquisition of  Zingbox

Palo Alto Networks acquisition of  Zingbox. Image courtesy of andongob at FreeDigitalPhotos.net.

Zingbox’s co-founders, Xu Zou, Jianlin Zeng, and May Wang, will join Palo Alto Networks upon completion of the deal. The current products of the IoT cybersecurity company will continue to be available to customers post-acquisition.

See also  Is DeepSeek secretly using banned AI chips? US launches probe

Xu Zou – CEO of Zingbox, commenting on Palo Alto Networks acquisition of  Zingbox, said: “Our vision has always been to ensure that organizations realize the full benefits of IoT devices without sacrificing security. By joining forces with Palo Alto Networks, we will be able to secure connected devices at scale to help organizations embrace digital transformation.”


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This