Palo Alto Networks snaps up Crypsis

Palo Alto Networks has acquired an incident response and digital forensics consultancy, Crypsis, in a deal worth $265 million.

The deal is designed to spruce up its own enterprise security oversight platform and Crypsis will be  integrated with Palo Alto Networks to strengthen its Cortex XDR services.

Cortex XDR already provides prevention, detection and incident response capabilities but Palo Alto wants Crypsis’ consultancy and forensics services to allow the platform to collect telemetry data, manage data breaches and initiative rapid response actions.

Palo Alto Networks’ CEO and chairman Nikesh Arora said the acquisition of The Crypsis Group will significantly enhance our position as the cybersecurity partner of choice, while expanding our capabilities and strengthening our Cortex strategy.

“By joining forces, we will be able to help customers not only predict and prevent cyberattacks but also mitigate the impact of any breach they may face,” he said.

Crypsis employs 150 security consultants who handle more than 1,300 complex and significant cyber security engagements each year, the company claims. It has serviced more than 1,700 organisations across a number of sectors including health care, financial services, energy and e-commerce.

The company’s CEO Bret Padres will join Palo Alto Networks, although his role in the new organisational structure has not yet been fully defined.