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Palo Alto Networks to Acquire IoT Security Company

The number of connected devices in enterprises is growing exponentially, yet most of these devices are unmanaged and pose a security risk. Current IoT point products mostly focus on device profiling and inventory, not on detecting or stopping sophisticated attacks. Organizations are forced to integrate multiple IoT security products across different vendors, introducing complexity, higher cost, and manual effort. Palo Alto Networks announced that it has entered into a definitive agreement to acquire Zingbox, an IoT security company, to address such issues.

Zingbox’s cloud-based service and advanced AI and machine learning technology for device and threat identification capabilities will accelerate Palo Alto Networks delivery of IoT security through its Next-Generation Firewall and Cortex platforms. Organizations will gain the ability to quickly improve the visibility and security of their IoT landscape. Once combined, Palo Alto Networks will offer IoT security with best-in-class visibility and automated in-line prevention, all integrated with the Next-Generation Firewall and Cortex platforms.

About Zingbox

Zingbox is an Internet of Things (IoT) lifecycle management solution provider. Zingbox provides a cloud based service to discover, identify, secure and optimize devices, using advanced AI and machine learning technologies. Recently named a “Cool Vendor in IoT Security” by Gartner and recipient of the Gold Stevie Award for Most Innovative Company, Zingbox helps organizations realize the full potential of their IoT devices. The company’s device-specific AI-powered machine learning platform uses the first real-time deep behavioral learning technology for IoT devices, delivering a new standard for uninterrupted service across the entire IOT environment of its customers.

Source: https://www.paloaltonetworks.com/company/press/2019/palo-alto-networks-announces-intent-to-acquire-zingbox

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