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Palo Alto Networks to acquire Bridgecrew for $156 million in cash

Christian Fernsby |
Palo Alto Networks announced that it has entered into a definitive agreement to acquire Bridgecrew, a developer-first cloud security company.

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The proposed acquisition will enable "shift left" security, with Prisma Cloud becoming the first cloud security platform to deliver security across the full application lifecycle.

Bridgecrew co-founders, Idan Tendler, Barak Schoster and Guy Eisenkot, and their teams will join Palo Alto Networks.

Under the terms of the agreement, Palo Alto Networks will acquire Bridgecrew for approximately $156 million in cash, excluding the value of replacement equity awards, subject to adjustments.

The proposed acquisition is expected to close during Palo Alto Networks fiscal third quarter, subject to the satisfaction of customary closing conditions.

The acquisition is not expected to have a material impact on the company's financials.

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