Palo Alto Networks will acquire the cybersecurity orchestration platform developer, which had raised $69m from investors including Slack and Wipro, for a mixture of cash and stock.
Cybersecurity software provider Palo Alto Networks agreed yesterday to acquire US-based cybersecurity orchestration software producer Demisto in a $560m stock-and-cash deal that will allow corporate investors Wipro and Slack to exit.
Demisto has created a software platform that orchestrates the cybersecurity process, automating basic functions while feeding into input from human analysts. It also uses machine learning to gain knowledge from previous interactions and cases.
The company has more than 150 customers it will continue to serve once the acquisition…
