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Palo Alto Networks Closes Acquisition of The Crypsis Group
Monday 21 September 2020

US-based cybersecurity company Palo Alto Networks (NYSE: PANW) has completed its acquisition of incident response, risk management and digital forensics consulting firm The Crypsis Group, the company said.

The acquisition will further strengthen Palo Alto Networks Cortex platform with expert services for incident response and proactive assurance.

Palo Alto Networks already provides best-in-class prevention, detection and response capabilities through Cortex XDR.

The integration of The Crypsis Group's security consulting and forensics capabilities will strengthen Cortex XDR's ability to collect rich security telemetry, manage breaches and initiate rapid response actions.

In addition, Palo Alto Networks can now provide incident response and forensic consulting capabilities at scale.

The Crypsis Group CEO Bret Padres and his team will join the Cortex team at Palo Alto Networks. Palo Alto Networks paid approximately USD 265m in cash, excluding purchase price adjustments, to acquire The Crypsis Group.

The Crypsis Group operated as part of the ZP Group, an organization with a portfolio of companies specializing in breach response, national security solutions and IT staffing.
Date Published: 21/09/2020