Palo Alto Networks, IBM Announce Broad-Reaching Partnership To Deliver AI-Powered Security Outcomes For Customers
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Palo Alto Networks and IBM have announced a partnership to deliver AI-powered security solutions. Palo Alto Networks will acquire IBM's QRadar SaaS assets, including intellectual property rights, and IBM will receive payments for clients migrating to Palo Alto's Cortex XSIAM platform.
May 15, 2024 | 8:33 pm
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IBM is selling its QRadar SaaS assets to Palo Alto Networks and will receive payments for clients migrating to Palo Alto's Cortex XSIAM platform.
The sale of QRadar SaaS assets and the partnership with Palo Alto Networks will provide IBM with incremental revenue and allow it to focus on other strategic areas, potentially benefiting its stock price.
CONFIDENCE 90
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Palo Alto Networks is acquiring IBM's QRadar SaaS assets and will make incremental payments to IBM for clients migrating to its Cortex XSIAM platform.
The acquisition of QRadar SaaS assets and the partnership with IBM to deliver AI-powered security solutions are likely to enhance Palo Alto Networks' product offerings and market position, positively impacting its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100