Palo Alto Networks Buys Bridgecrew for $156M
February 17, 2021
Alto Networks has entered into a definitive agreement to acquire
Bridgecrew, a developer-first cloud security company. 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.
Palo Alto Networks has made key bets around the shift to cloud and the
need for integrated best-in-class security. This unique approach has
enabled Prisma Cloud to service more than 1,800 customers, including 70%
of the Fortune 100. Today Palo Alto Networks is making a further bet
that cloud security must “shift left,” with security increasingly
performed during the DevOps process.
Bridgecrew is a pioneer in shift left, focusing on infrastructure as
code (IaC), where infrastructure configuration is codified during
development. The company’s developer-first IaC security platform offers
developers and DevOps teams a systematic way to enforce infrastructure
security standards throughout the development lifecycle. The proposed
acquisition will enable Prisma Cloud to provide developers with security
assessment and enforcement capabilities throughout the DevOps process.
With the addition of Bridgecrew, Palo Alto Networks will be the first to
deliver security across the full application lifecycle. Once integrated,
Prisma Cloud customers will benefit from a single platform that will
deliver cloud security from build time to runtime, seamlessly connecting
security and DevOps teams. This again highlights the need for a
comprehensive approach to cloud security that simply can’t be achieved
with point products.
Bridgecrew’s open-source IaC scanner, Checkov, has gained significant
early traction with developers, surpassing 1 million downloads in 2020 —
its first full year of availability. Also, Bridgecrew’s full security
platform is seeing good early traction across many cloud-first
organizations and several industries. Palo Alto Networks will continue
to invest in Bridgecrew’s open-source initiatives as part of its ongoing
commitment to DevOps security. For further details, see Palo Alto
Networks’ blog post: Prisma Cloud shifts left with proposed acquisition
Arora, chairman and CEO of Palo Alto Networks said,"Shift left security
is a must-have in any cloud security platform. Developers don’t want to
wait until runtime to find out their security is not working, and the
CISO charged with protecting the entire organization certainly values
higher security from fixing issues earlier in the development lifecycle.
We are thrilled to welcome Bridgecrew, and their widely adopted and
trusted developer security platform, to Palo Alto Networks. When
combined, Prisma Cloud customers will benefit from having security
embedded in the very foundation of their cloud infrastructure."
Idan Tendler, co-founder and CEO of Bridgecrew added, "We have dedicated
ourselves to building developer-first tools that bridge the gap between
developers and cloud security. By joining Palo Alto Networks, we will be
able to bring codified cloud security to the developer community on a
wider scale. We look forward to working together to continue shifting
cloud security left."
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