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Announced

Palo Alto Networks to acquire Bridgecrew for $156m.

Financials

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Transaction Value£112m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IT Services: Other

Single Bidder

cloud security

Domestic

United States

Acquisition

Pending

Friendly

Majority

Private

Synopsis

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Palo Alto Networks, a cybersecurity company, agreed to acquire Bridgecrew, a developer-first cloud security company, for $156m. "Shift left security is a must-have in any cloud security platform. Developers don’t want to wait until runtime to find out their security is not working, and the CISO charged with protecting the entire organization certainly values higher security from fixing issues earlier in the development lifecycle. We are thrilled to welcome Bridgecrew, and their widely adopted and trusted developer security platform, to Palo Alto Networks. When combined, Prisma Cloud customers will benefit from having security embedded in the very foundation of their cloud infrastructure," Nikesh Arora, Palo Alto Networks Chairman and CEO.

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