Leading the way in cybersecurity globally, Palo Alto Networks is known for providing cutting-edge security solutions that shield businesses from online dangers and intrusions.

In the meanwhile, IBM is a top supplier of AI and hybrid cloud solutions. In addition, it provides a broad variety of corporate solutions, consulting services, and technology services to assist companies in navigating digital transformation and strengthening their security posture.

Through the deal, Palo Alto Networks will further enhance its Cortex XSIAM platform with cutting-edge AI-powered threat prevention capabilities by purchasing IBM's QRadar SaaS assets, including intellectual property rights. In order to facilitate a seamless transition for customers relocating, IBM will engage with Palo Alto Networks and continue to serve QRadar clients that are located on-premises.

Palo Alto Networks Chairman and CEO Nikesh Arora emphasized the potential for AI to revolutionize the security sector while highlighting the joint strengths of both organizations in fostering innovation and providing secure-by-design solutions.

The strategic importance of the collaboration was emphasized by IBM Chairman and CEO Arvind Krishna, who also highlighted the advantages of IBM Consulting services in addition to sophisticated threat prevention and automation enabled by Cortex XSIAM and Watsonx.

With intentions to create a unified Security Operations Center and Cyber Range to improve security capabilities and client experiences, IBM Consulting will be Palo Alto Networks' preferred Managed Security Services Provider (MSSP).

"We are at a turning point in the security industry where artificial intelligence will revolutionize businesses and produce results never seen before," stated Nikesh Arora, Chairman and CEO of Palo Alto Networks. Now is the time to spur innovation and growth. We will take advantage of this trend in tandem with IBM by fusing our industry-leading security solutions with the company's cutting-edge Watsonx AI platform and first-rate services to power the future of security platformization with comprehensive, AI-powered, secure-by-design products.

""Strategic partnerships like the one we're announcing today with Palo Alto Networks bring with them significant benefits across the industry," stated Arvind Krishna, Chairman and CEO of IBM. Next-generation security operations will be adopted by clients and partners more quickly thanks to advanced threat prevention and automation, which is supported by Watsonx and Cortex XSIAM, together with IBM Consulting.

In addition to accelerating our security investments and innovation in fields like data security and identity and access management, we'll deploy these capabilities in partnership with Palo Alto Networks. These are essential services that our clients require for AI models and apps, hybrid cloud environments, and data protection. We are thrilled about the future of AI-powered cybersecurity innovation and are honored to be working with the Palo Alto Networks team.