Quick Take
Palo Alto Networks (PANW) announced it has agreed to acquire Demisto for $560 million.
Demisto operates a security orchestration, automation & response [SOAR] platform.
With the acquisition, PANW will assist customers in reducing the vendor management overhead of their increasingly complex security environments.
Target Company
Cupertino, California-based Demisto was founded in 2015 to develop and operate a SOAR platform that combines intelligent automation and collaboration within a single ChatOps interface.
Management is headed by Co-Founder and CEO Slavik Markovich, who was previously Board Member at Enlocked.
Below is an overview