Palo Alto to buy for $300 mn in cash

Palo Alto Networks for security
Palo Alto Networks is set to acquire U.S.-based, a provider of cloud services infrastructure protection, for $300 million in cash. extends the Palo Alto Networks API-based security capabilities, by analyzing the configurations of all the services and account settings against strict security and compliance controls.

“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,” said Mark McLaughlin, chairman and CEO of Palo Alto Networks. is a privately held company based in Pleasanton, Calif. and backed by Bain Capital Ventures, True Ventures, Venrock, and Google Ventures.’s co-founders, Tim Prendergast and Justin Lundy, will join Palo Alto Networks.