Palo Alto Networks to acquire Expanse in $800m deal

San Francisco: Cybersecurity company Palo Alto Networks on Wednesday said that it will acquire attack surface management vendor Expanse in a $800 million deal.

Under the terms of the agreement, Palo Alto Networks will acquire Expanse for a total purchase price of approximately $670 million to be paid in cash and stock and approximately $130 million in replacement equity awards, each such amount subject to adjustment.

The acquisition is expected to close during Palo Alto Networks fiscal second quarter.