TECH - Palo Alto Expands Its Regionally-Hosted Cloud Services | Benzinga
Palo Alto Networks (NASDAQ: PANW) has been focusing on offering regionally-hosted cloud-based cybersecurity solutions to meet regulatory requirements. In this connection, it recently established a new cloud location in Indonesia for hosting its cloud services.
The local customers of Indonesia had to use Prisma Access to be able to operate the Palo Alto products till now. The new cloud location will now enable these customers to expand on a range of locally hosted cloud products that include Prisma Cloud, Cortex XDR, Cortex XSOAR, Cortex Xpanse and Cortes XSIAM.
With the rising demand for cloud-based services and products, companies are focusing on stricter data security measures. Numerous countries have made it necessary to have data centers and cloud locations inside the national boundaries. The regionally-hosted cloud locations help Palo Alto in meeting the regulatory requirements, thereby gaining more customers.
PANW's new local cloud establishment will build the trust of companies operating in Indonesia which might further increase the market share and add to its top line. Apart from Indonesia, Palo Alto has its local cloud locations in more than 87 countries.
Palo Alto's year-to-date (YTD) share price performance has been marked by significant volatility, reflecting ...