Palo Alto Networks Expands IoT Security through Acquisition
Subscribe To Read This InsightBy Michela Menting | 3Q 2019 | IN-5610
Zingbox Acquisition |
NEWS |
U.S. security network giant Palo Alto Networks recently announced its intent to acquire Internet of Things (IoT) security outfit Zingbox for US$75 million. The acquisition is set to close in 1Q 2020. The announcement was made during the firm’s financial result reporting where it reported 28% Year-over-Year (YoY) revenue growth for 2019 to $2.9 billion, a successful result of Palo Alto’s bid to extend its Total Addressable Market (TAM) to new markets. The Zingbox acquisition fits right into this strategy.
Banking on AI |
IMPACT |
Palo Alto Networks has built its reputation as one of the leaders in cybersecurity from a network perspective. The firm has one of the best firewall solutions currently in the market. It has extended its security capabilities to the cloud (Prisma), 5G/IoT offerings, and most ...
You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.
Service
ABI Insights Featured This Week
-
Suez Canal Disruption Effects Linger
-
Technologies to Address the Indoor Vertical Location Challenge
-
Home Workers Equals Lone Workers: What Can Be Done to Help?
-
Stay Tuned: Dynamic Band-Switching Seeing Growth in IoT Antennas
-
Mobile Driver’s Licenses Increase Traction Across the United States
-
Biometric Payment Cards Can Help Bridge the Authentication Gap as Contactless Spending Limits Set to Increase Further
©2021 Allied Business Intelligence, Inc. All Rights Reserved. This document is protected by US and International Copyright Law. No part of this document may be republished or entered into an information storage / retrieval system or database of any kind without the expressed written permission of ABI Research.