Veteran Israeli cybersecurity firm Examine Level Software program Applied sciences Ltd. (Nasdaq: CHKP) has introduced a strategic partnership with Israeli cloud safety firm Wiz to supply end-to-end cloud safety. The main cybersecurity firm within the area of cloud safety is Palo Alto Networks (Nasdaq: PANW), based by Nir Zuk and managed by CEO Nikesh Arora. In a latest convention name Arora mentioned that Palo Alto’s income within the fourth quarter of 2024 exceeded $700 million.
Examine Level is managed by CEO Nadav Zafrir, who succeeded Gil Shwed in December, who has grow to be govt chairman. Wiz, led by cofounder and CEO Assaf Rappaport, will present essentially the most complete cloud safety options within the {industry}, in keeping with the businesses’ announcement. Examine Level and Wiz plan to supply an end-to-end answer to the safety challenges in distributed community environments, in a method that may bridge the gaps of information safety groups which can be required to supply each cloud safety and cloud native app safety (CNAPP).
Examine Level and Wiz will implement a tech-product integration, which can permit Examine Level’s cloud safety mechanisms to be linked with Wiz’s cloud danger and vulnerability detection platform, thus enabling real-time prevention of cloud assaults. Based on the businesses, the mix of the applied sciences will permit information safety professionals to determine belongings and purposes that aren’t adequately protected within the cloud, prioritize the mandatory fixes and make sure that assaults are blocked.
The collaboration will embrace mutual integration and help within the transition of Examine Level’s CNAPP clients to Wiz. Based on the report, Examine Level will release assets and is anticipated to extend investments in its cloud safety, together with cloud community safety, Internet Software Firewall, GenAI, and extra.
“We’re remodeling how organizations handle danger within the cloud”
Each corporations say that the strategic partnership expresses their dedication to create revolutionary safety options and supply the safety responses reqired by corporations and organizations.
Zafrir mentioned, “This partnership between the events was formalized with the intention to create a brand new safety paradigm – combining Examine Level’s cloud community safety experience with Wiz’s CNAPP management to ship complete safety throughout hybrid mesh environments. Collectively, we’re remodeling how organizations handle danger, enabling groups to collaborate with better effectivity and management.”
RELATED ARTICLES
Rappaport added, “Bringing collectively Wiz’s main CNAPP expertise and Examine Level’s experience in cloud community safety enhances visibility and prioritizes dangers extra successfully. Our partnership is aimed to make sure that corporations can seamlessly defend their community and cloud environments with an built-in, industry-leading answer whereas persevering with to democratize cloud safety.”
Wiz additionally has a collaboration settlement with Israeli cybersecurity firm CyberArk (Nasdaq: CYBR), which makes a speciality of enterprise id administration. Final November the 2 corporations introduced a collaboration that features integration between CyberArk’s id platform and Wiz’s cloud safety platform. One other collaboration that Wiz had was terminated about 18 month in the past. This collaboration with Israeli cybersecurity firm SentinelOne (NYSE: S), managed by founder Tomer Weingarten, was canceled after it was leaked and revealed that the 2 corporations have been in talks in the direction of a merger.
Examine Level is at the moment traded on Nasdaq with a market cap of $23.76 billion, after its share value has risen 15.7% for the reason that begin of the yr. Wiz is a privately-held firm, which final yr raised cash at an organization valuation of $12 billion and in July reportedly turned down a $23 billion acquisition bid from Google. Palo Alto Networks is traded on Nasdaq at a market cap of $129 billion.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on February 11, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
