The acquisition will strengthen Palo Alto Networks’ Cortex platform with expert services for incident response and proactive assurance.
FREMONT, CA: Palo Alto Networks, the global cybersecurity leader, acquired Crypsis Group, a renowned incident response, risk management, and digital forensics consulting company. The acquisition will strengthen Palo Alto Networks’ Cortex platform with expert services for incident response and proactive assurance.
"We are excited to welcome The Crypsis Group to Palo Alto Networks," said Nikesh Arora, Chairman and CEO of Palo Alto Networks. "This is a team that has handled the most difficult and complex security incidents. The addition of their consulting services will not only strengthen Cortex XDR and help us protect customers from future cyberattacks but also assist in mitigating the potential impact resulting from a breach."
Palo Alto Networks is already known to provide best-in-class prevention, detection, and response capabilities through its Cortex XDR. The integration of The Crypsis Group’s security consulting and forensics’ capabilities will strengthen Cortex XDR’s ability to aggregate rich security telemetry, efficiently handle breaches, and initiate rapid response actions. Besides, Palo Alto Networks can now also provide incident response and forensic consulting capabilities at scale.
The Crypsis Group CEO Bret Padres and his team will become a part of the Cortex team at Palo Alto Networks. Palo Alto Networks paid approximately $265 million 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.