Palo Alto Networks and IBM Announce Strategic Partnership to Deliver AI-Powered Security Solutions By Elets News Network - 16 May 2024

Palo Alto Networks

Palo Alto Networks, a global security leader and IBM, a leading provider of hybrid cloud and AI join hands to provide advanced AI-driven cybersecurity solutions. This collaboration underscores both companies’ dedication to enhancing security operations through innovative technologies.

As digital transformation accelerates and AI technologies proliferate, the complexity of cybersecurity challenges continues to grow. Organizations are increasingly seeking comprehensive, AI-enhanced security platforms to tackle sophisticated threats and evolving attack surfaces. Palo Alto Networks and IBM are set to address these needs to streamline security operations, mitigate threats at scale, and expedite incident remediation for their clients.

In a significant move within this partnership, Palo Alto Networks will acquire IBM’s QRadar SaaS assets, including intellectual property rights, pending standard closing conditions. Following the acquisition, both companies will support the migration of QRadar SaaS clients to Cortex® XSIAM®, Palo Alto Networks’ next-generation security operations platform, known for its advanced AI-powered threat protection with over 3,000 out-of-the-box detectors. QRadar on-prem clients who prefer to remain on the existing platform will continue to receive IBM support, including critical updates and security enhancements.

The partnership will also see IBM becoming a preferred Managed Security Services Provider (MSSP) for Palo Alto Networks’ customers. A joint Security Operations Center will also be established, offering a managed SOC and a Cyber Range to provide immersive cybersecurity experiences. IBM Consulting will leverage its global expertise, integrating Watsonx AI and IT automation to enhance security advisory services and drive the adoption of Palo Alto Networks’ platforms.

Nikesh Arora, Chairman and CEO, Palo Alto Networks said, “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.”

Arvind Krishna, Chairman and CEO, IBM, stated that, “Strategic partnerships like the one we’re announcing today with Palo Alto Networks bring with them significant benefits across the industry. Advanced threat protection and automation, underpinned by Cortex XSIAM and watsonx, and coupled with IBM Consulting, will speed client and partner adoption of next-generation security operations. We’ll deliver these capabilities with Palo Alto Networks, and accelerate our security investments and innovation in areas like data security and identity and access management. These are critical offerings that our clients need when protecting their data, hybrid cloud environments, AI models and applications. We are delighted to be partnering with the Palo Alto Networks team and we are excited about the future of AI-powered cybersecurity innovation.”

In addition to these strategic initiatives, IBM plans to deploy Palo Alto Networks’ AI-powered security platforms internally, adopting Cortex XSIAM for security operations and Prisma SASE 3.0 for zero-trust network security to protect its global workforce. Palo Alto Networks will integrate IBM’s watsonx into Cortex XSIAM to enhance automation capabilities and customer support outcomes.

Also Read | Palo Alto Networks Introduces Next-Generation Security Operations Center with general availability of Cortex XSIAM

The transaction, expected to close by the end of September 2024, is subject to regulatory approvals and customary closing conditions. Financial terms have not been disclosed.

This partnership signifies a major step forward in the cybersecurity landscape. It promises to deliver comprehensive, AI-powered security solutions to address the dynamic and complex challenges faced by modern enterprises.

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