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The platform’s threat detection and response capabilities across endpoints and the network has become even more important with the expanded attack surface many companies face with so many employees working from home.ĭuring Palo Alto Networks’ second-quarter earnings call late last month, CEO Nikesh Arora credited his company’s XDR platform, called Cortex XDR, with protecting it from the SolarWinds attack. XDR solutions can read and group related alerts and build timelines concerning attacks by evaluating data found on activity logs. XDR platforms have become en vogue as they are highly scalable and offer companies better visibility in network and application communication. Both SentinelOne and Crowdstrike mentioned how the acquisitions extend their XDR capabilities by taking in data from logs and applications in real time. On face value, neither deal shook the M&A world, but taken together they could show how eager companies are to improve their extended detection and response platforms. That was followed nine days later by CrowdStrike buying London-based cloud log management provider Humio for $400 million. 9, Mountain View, California-based AI endpoint security provider SentinelOne bought data analytics platform Scalyr for $155 million. However, last month saw some interesting acquisitions by both a large public company and a private company that may be the opening salvos in a battle to build the best extended detection and response (XDR) solutions. While 2020 wasn’t a banner year for most things, that’s also true for M&A dealmaking in cybersecurity.

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Freelance Writers: How To Pitch Crunchbase NewsĮditor’s note: This is the first edition of Mergers & Money, a new monthly column by Senior Reporter Chris Metinko that covers dealmaking in the enterprise tech space.

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