From Nasdaq: 2024-05-16 10:04:00

Palo Alto Networks (PANW) partners with IBM to enhance security platforms with AI capabilities, acquiring IBM’s QRadar SaaS assets for Cortex XSIAM platform improvement. A joint SOC and Cyber Range are to be established, with IBM Consulting as PANW’s preferred Managed Security Services Provider. The partnership aims to provide AI-powered security solutions, integrating watsonx AI into Cortex XSIAM and expanding Prisma Cloud integrations. PANW’s XSIAM platform shows promise, recording bookings exceeding $90 million and attracting new customers. IBM’s QRadar SaaS assets addition could further strengthen security capabilities.
IBM will continue supporting its existing on-prem QRadar clients. The partnership between Palo Alto Networks and IBM includes the establishment of a customer-focused joint Security Operations Center (SOC) and Cyber Range. IBM will become a preferred Managed Security Services Provider for Palo Alto Networks. The integration of IBM’s Watson AI technology into Palo Alto’s security platforms is intended to enhance automation and customer support capabilities. The partnership is expected to close the transaction by the end of September 2024, subject to regulatory approval.
PANW’s Cortex XSIAM platform, launched with AI-driven SOC capabilities, has reduced threat response time and improved security analytics. The platform leverages infrastructure telemetry, threat intelligence, and external attack surface data for advanced threat defense. Recent updates to the platform introduced new features such as enhanced data access, fraud detection, security research, and alert prioritization enhancements. The MITRE ATT&CK Coverage Dashboard was also introduced for monitoring purposes.
Palo Alto Networks’ partnership with IBM has resulted in significant enhancements to the XSIAM platform, leading to increased bookings and customer acquisition. The inclusion of IBM’s QRadar SaaS assets is expected to further boost security capabilities and attract new customers. The platform’s success is reflected in its current momentum and the number of deals closed in the second quarter of fiscal 2024.



Read more at Nasdaq: Palo Alto (PANW), IBM Team Up to Provide AI-Powered Solutions