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IBM Selling Cloud Security Software to Palo Alto Networks in Broader Cyber Strategy Shift

May 29, 2024
The Wall Street Journal
Summary
IBM is selling its QRadar cloud-based cybersecurity software to Palo Alto Networks in a strategic move to deepen their partnership and eliminate product overlap. This collaboration aims to enhance both companies' AI-powered security product offerings. IBM will shift focus toward securing generative AI applications and data management. The sale is pending regulatory approval and expected to close by September. Post-transaction, QRadar cloud users will transition to Palo Alto's Cortex XSIAM platform, while on-premise users can retain their current setup. This partnership is projected to significantly boost IBM’s revenue and streamline security solutions for businesses.
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