IBM Security’s QRadar cybersecurity product line is being sold to Palo Alto Networks in a surprise move that has left customers wondering how it will affect their services. IBM had been actively developing QRadar, including integrating generative AI capabilities and launching new products like the QRadar Suite. The sale to Palo Alto means that customers … Read more
Palo Alto Networks’ XSIAM platform has shown promise in the SIEM market, but a deal with IBM is poised to provide the boost CEO Nikesh Arora has been seeking. In just 18 months since its launch, XSIAM has amassed $400 million in reserves, establishing itself as a formidable contender in the space. However, Arora and … Read more
In the latest analysis of Palo Alto Networks (PANW), the company’s third-quarter earnings report shows impressive results with revenue reaching $1.98 billion, a 15.33% year-over-year increase. This exceeded analyst estimates and demonstrates the company’s strong performance. The non-GAAP diluted EPS also saw a 20% increase, surpassing analyst estimates. Additionally, operating margins remained solid, and remaining … Read more
A recent report from a health care insurers management service has revealed a breach that occurred in 2023. This breach has raised concerns about the security of patient information within the healthcare industry. In other cybersecurity news, IBM has announced its unexpected exit from the cybersecurity software market. This move has caught many industry experts … Read more
Executives from Cisco and Palo Alto Networks acknowledge the importance of real-time security and the potential of new AI-powered technologies like XDR to enhance threat detection capabilities. Palo Alto Networks is focusing on making real-time security a reality with its Precision AI capabilities, while also expanding its presence in the security operations tools market through … Read more
In the fast-evolving landscape of cybersecurity, Palo Alto Networks has made a significant move by acquiring IBM’s QRadar cloud security software assets. This strategic acquisition marks Palo Alto’s expansion in the cybersecurity sector, adding QRadar’s powerful cloud-based solution to its existing suite of products. QRadar, known for its utilization of artificial intelligence and machine learning … Read more
Semiconductor giant Broadcom has tapped CBRE to market nearly 1M SF of space spread across 13 buildings at the 105-acre, 1.5M campus at Stanford Research Center the firm acquired as part of its $69B acquisition of cloud-computing firm VMWare in November. Broadcom announced last month that it is planning to occupy 600K SF at the … Read more
Cyber security vendor, Palo Alto Networks has hired former VMware Malaysia country manager, Sarene Lee as its new leader for the country. The senior appointment is a strategic hire by Palo Alto Networks in Malaysia, to help accelerate the company’s next stage of growth and support the country’s digital economy. Lee brings three decades of … Read more
Cyber security vendor, Palo Alto Networks has hired former VMware Malaysia country manager, Sarene Lee as its new leader for the country. The senior appointment is a strategic hire by Palo Alto Networks in Malaysia, to help accelerate the company’s next stage of growth and support the country’s… Source link
Broadcom, the San Jose-based semiconductor giant that recently acquired competitor VMware in a $69B transaction, will be moving its headquarters into the 1.6M SF campus it acquired in Palo Alto as part of the mega-deal. Broadcom will exit the property it has been occupying at 1320 Ridder Park Drive in San Jose, according to a … Read more