Palo Alto Networks to acquire Evident.io
![stephanie-condon](https://www.zdnet.com/a/img/resize/f1474204f4afdd9e5d3e8a66676dd4bdae30d4c0/2022/08/05/bca73539-dbd2-46c5-8de4-f286b3d3e73b/stephanie-condon.jpg?auto=webp&fit=crop&frame=1&height=192&width=192)
![image-2018-03-15-at-4-01-53-pm.jpg](https://www.zdnet.com/a/img/resize/e85551abbd6c1a021048281e53bd8bc0c24d5eaf/2018/03/15/9a6c5e65-14b0-450a-a21c-089a5e768b8e/image-2018-03-15-at-4-01-53-pm.jpg?auto=webp&width=1280)
Palo Alto Networks on Wednesday announced it's acquiring Evident.io, a cloud security and compliance firm, for $300 million in cash.
The deal is expected to close over Palo Alto's fiscal third quarter, and Evident.io's co-founders, Tim Prendergast and Justin Lundy, will join Palo Alto.
Evident.io is a leader in public cloud infrastructure security and will extend Palo Alto Networks' API-based security capabilities. Their combined capabilities will give customers continuous monitoring, storage security, and compliance validation and reporting.
"We believe enterprises will become even more cloud-centric in the future and require prevention methods that have been designed for the cloud," said Mark McLaughlin, chairman and CEO of Palo Alto Networks, in a statement.
"With Evident as part of our platform, Palo Alto Networks will be the only vendor that can deliver a holistic cloud offering to address the critical security needs of today's enterprise customers as they journey to the cloud," McLaughlin added.