Palo Alto Networks, a multinational cybersecurity company, agreed to acquire the QRadar SaaS assets of IBM, a technology company. Financial terms were not disclosed. "The security industry is at an inflection point where AI will transform businesses and deliver outcomes not seen before. It's a moment to accelerate growth and innovation. Together with IBM, we will capitalize on this trend, combining our leading security solutions with IBM's pioneering watsonx AI platform and premier services to drive the future of security platformization with complete, AI-powered, secure-by-design offerings," Nikesh Arora, Palo Alto Networks Chairman and CEO.