Public Company Software

Palo Alto Networks

Santa Clara, California, United States

The global cybersecurity leader providing an integrated platform to protect networks, cloud, endpoints, and security operations, including AI-driven security, automation, and observability capabilities.

Focus Areas
Cybersecurity platforms, Network Security, Cloud Security

Tracked deals

11

11 tracked deals across 2019-2026.

Recent pace

5

5 tracked deals announced in the last 12 months.

Deal mix

Buyout

11 buyout

Palo Alto Networks Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Palo Alto Networks. 2 2019 2 2020 2 2023 ~8 est. 5 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Palo Alto Networks To Acquire Embrace to Expand Observability with Real User Monitoring
    July 24, 2026
    Buyer
    Palo Alto Networks
    Target
    Embrace
    Industry
    IT Services
    Location
    United States
    Type
    Buyout

    Palo Alto Networks intends to acquire Embrace, a provider of user-focused observability technology, to add real user monitoring capabilities to its Observability platform. The deal is expected to close in Palo Alto Networks’ first quarter of fiscal 2027 and will be paired with an internally developed synthetic monitoring capability (“Synthetics”) to extend the platform into digital experience monitoring.

  • Palo Alto Networks Acquires Portkey to Build AI Gateway Control Plane for Autonomous Agents
    May 1, 2026
    Buyer
    Palo Alto Networks
    Target
    Portkey
    Industry
    Cybersecurity
    Location
    United States
    Type
    Buyout

    Palo Alto Networks announced it intends to acquire Portkey, which provides centralized AI gateways for managing and protecting autonomous AI agents. The acquisition is intended to make Portkey the AI Gateway control plane for Palo Alto Networks’ Prisma AIRS platform, enabling runtime monitoring, routing, governance, and security for agentic AI traffic.

  • Palo Alto Networks Acquires CyberArk
    February 19, 2026
    Buyer
    Palo Alto Networks
    Target
    CyberArk
    Industry
    Cybersecurity
    Location
    Unknown, Israel
    Type
    Buyout

    Palo Alto Networks entered into a definitive cash-and-stock agreement to acquire CyberArk for approximately $25 billion in equity value. The deal was structured so that CyberArk shareholders would receive $45.00 in cash and 2.2005 shares of Palo Alto Networks stock for each CyberArk share. Palo Alto Networks later completed the acquisition on February 11, 2026.

  • Palo Alto Networks Acquires Koi to Establish Agentic Endpoint Security
    February 19, 2026
    Buyer
    Palo Alto Networks
    Target
    Koi
    Industry
    Cybersecurity
    Location
    Israel
    Type
    Buyout

    Palo Alto Networks entered into a definitive agreement to acquire Koi, a company focused on agentic endpoint security. The acquisition is intended to close the growing AI-driven security gap at enterprise endpoints by integrating Koi’s technology with Palo Alto Networks’ Prisma AIRS and enhancing Cortex XDR for deeper visibility into AI-related attack surfaces. Palo Alto Networks later reported the acquisition was completed.

  • Palo Alto Networks Acquires Chronosphere for $3.35 Billion
    January 30, 2026
    Buyer
    Palo Alto Networks, Inc.
    Target
    Chronosphere, Inc.
    Seller
    a group of shareholders
    Industry
    Cybersecurity
    Location
    United States
    Type
    Buyout

    Palo Alto Networks agreed to acquire Chronosphere, an observability platform, for about $3.35 billion in cash and replacement equity awards (plus subject to adjustments), to advance AI-era observability and security. The acquisition integrates Chronosphere’s cloud-native telemetry with Palo Alto Networks’ Cortex AgentiX/AI-agent capabilities to enable real-time autonomous remediation. The deal was completed on January 29, 2026.

  • Palo Alto Networks Acquires Talon Cyber Security
    December 28, 2023
    Buyer
    Palo Alto Networks
    Target
    Talon Cyber Security
    Industry
    Cybersecurity
    Location
    Israel
    Type
    Buyout

    Palo Alto Networks completed the acquisition of Talon Cyber Security to integrate Talon’s enterprise browser technology into its Prisma SASE offering. The deal extends Palo Alto’s SASE capabilities by protecting managed and unmanaged devices and will make Talon’s Enterprise Browser available to qualified SASE AI customers at no additional cost.

  • Palo Alto Networks Acquires Dig Security
    October 31, 2023
    Buyer
    Palo Alto Networks
    Target
    Dig Security (Dig Security Solutions Ltd.)
    Industry
    Cybersecurity
    Location
    Israel
    Type
    Buyout

    Palo Alto Networks has completed the acquisition of Israel-based Dig Security (Dig Security Solutions Ltd.), a provider of Data Security Posture Management (DSPM) technology, integrating its capabilities into the Prisma Cloud platform. The deal was announced completed on Dec. 5, 2023; media reports put the purchase price at about $400 million.

  • Palo Alto Networks Acquires The Crypsis Group
    August 24, 2020
    Buyer
    Palo Alto Networks
    Target
    The Crypsis Group
    Seller
    ZP Group
    Industry
    Cybersecurity
    Location
    United States
    Type
    Buyout

    Palo Alto Networks has entered into a definitive agreement to acquire The Crypsis Group for $265 million in cash, subject to customary adjustments and approvals. The acquisition will integrate Crypsis' incident response, risk management and digital forensics capabilities into Palo Alto Networks' Cortex XDR platform to strengthen detection, response and breach management.

  • Palo Alto Networks Acquires CloudGenix
    March 31, 2020
    Buyer
    Palo Alto Networks
    Target
    CloudGenix
    Industry
    Cybersecurity
    Location
    California, United States
    Type
    Buyout

    Palo Alto Networks agreed to acquire CloudGenix, a cloud-delivered SD-WAN provider, for approximately $420 million in cash to extend its Prisma Access SASE platform. The acquisition will integrate CloudGenix’s SD-WAN technology to accelerate onboarding of remote branches and retail locations into Palo Alto Networks’ SASE offering; the CloudGenix co-founders will join Palo Alto Networks following the close, expected in the company’s fiscal fourth quarter subject to customary conditions.

  • Palo Alto Networks Acquires Aporeto
    December 23, 2019
    Buyer
    Palo Alto Networks
    Target
    Aporeto Inc.
    Industry
    Cybersecurity
    Location
    California, United States
    Type
    Buyout

    Palo Alto Networks completed its acquisition of Aporeto Inc., a machine-identity based microsegmentation company, integrating Aporeto’s technology into its Prisma Cloud native security platform. The deal (reported at about $150 million) brings Aporeto’s co-founders and microsegmentation capabilities into Palo Alto’s cloud security offerings to expand cloud-native workload protection.

  • Palo Alto Networks Acquires Demisto
    March 28, 2019
    Buyer
    Palo Alto Networks
    Target
    Demisto
    Industry
    Cybersecurity
    Location
    Israel
    Type
    Buyout

    Palo Alto Networks completed the acquisition of Demisto, a security orchestration, automation and response (SOAR) vendor, to integrate Demisto's automation and AI capabilities into its Cortex security platform. The deal was valued at approximately $560 million in cash and stock and is intended to expand Palo Alto Networks' automated threat prevention and response capabilities for security operations teams.

Related Acquisition Pages

Cybersecurity Buyers & Acquisitions 10 tracked deals by Palo Alto Networks. IT Services Buyers & Acquisitions 1 tracked deal by Palo Alto Networks. Acquisitions in California 2 tracked deals by Palo Alto Networks.

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