Palo Alto Networks completed the acquisition of QRadar SaaS assets from IBM.

Palo Alto Networks, a global cybersecurity leader, completed the acquisition of QRadar SaaS assets from IBM, a technology company. Financial terms were not disclosed. "We are on a mission to help organizations transform their security operations and harness the potential of Precision AI-powered platforms to better protect their businesses. Our partnership with IBM reinforces our commitment to innovation and our conviction in the tremendous benefit of QRadar customers adopting Cortex XSIAM for a robust, data-driven security platform that offers transformative efficiency and effectiveness in defending against evolving cyber threats," Nikesh Arora, Palo Alto Networks Chairman and CEO.