IBM's QRadar SaaS Assets Acquired by Palo Alto Networks for $500 Mn

Palo Alto Networks has officially completed the acquisition of IBM's QRadar Software as a Service (SaaS) assets.

This $500 million deal is expected to significantly enhance Palo Alto Networks' Cortex XSIAM platform, which integrates various security operations capabilities like SIEM, SOAR, ASM, and XDR.

IBM QRadar is a comprehensive security information and event management (SIEM) solution. It is a powerful tool for modernizing security operations and enhancing the overall security posture of organizations.

This acquisition strengthens the partnership between Palo Alto Networks and IBM, aiming to provide advanced AI-powered security solutions and streamline security operations for their customers.

IBM will also support the transition by offering no-cost migration services for eligible customers through IBM Consulting.

QRadar was originally developed by Q1 Labs, a company founded in 2001. The initial product was an anomaly detection engine, which later evolved into an Intrusion Detection System (IDS) and eventually into a Security Information and Event Management (SIEM) system.

In 2011, IBM acquired Q1 Labs and integrated QRadar into its security portfolio. This acquisition allowed IBM to enhance its security intelligence capabilities and offer a comprehensive solution for threat detection and response.

To recall, in June this year, IBM signed an agreement to acquire SKYARCH NETWORKS INC., a Japan-based professional services company specializing in Amazon Web Services (AWS).
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