Cider Security to be acquired by Palo Alto Networks for $195M

Palo Alto Networks is set to purchase Israeli software supply chain startup Cider Security in a $195 million deal, which is expected to close in the second quarter of fiscal 2023, SecurityWeek reports. Such an acquisition would enable Palo Alto Networks to integrate the capabilities of Cider Security's AppSec platform to make its Prisma Cloud offering the "most comprehensive supply chain security solution, delivered as part of its code-to-cloud security platform," said Palo Alto Networks, which also highlighted its continued investment in software supply chain security tools amid increasing cybersecurity threats. Cider Security CEO Guy Fletcher touted that the company's AppSec platform has bolstered engineering agility without sacrificing security. "There couldn't be a better fit for Cider. By scanning and securing the CI/CD pipeline, we can help identify where there may be vulnerabilities in your code. Prisma Cloud will now be the ultimate solution for code-to-cloud security," said Fletcher.