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New Deal


Announced

Completed

Palo Alto Networks completed the acquisition of The Crypsis Group from ZP Group for $265m.

Financials

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Transaction Value£202m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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consulting firm

Private

security advisory firm

Single Bidder

risk management

Friendly

Acquisition

United States

Management Consulting

Majority

Completed

Domestic

Synopsis

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Palo Alto Networks, an American multinational cybersecurity company with headquarters in Santa Clara, completed the acquisition of The Crypsis Group, an incident response, risk management and digital forensics consulting firm, from ZP Group, an organization with a portfolio of companies specializing in breach response, national security solutions and IT staffing, for $265m. "We are excited to welcome The Crypsis Group to Palo Alto Networks. This is a team that has handled the most difficult and complex security incidents. The addition of their consulting services will not only strengthen Cortex XDR and help us protect customers from future cyberattacks but also assist in mitigating the potential impact resulting from a breach," Nikesh Arora, Palo Alto Networks Chairman and CEO.

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