The company said it announced on September 4, 2024 that it completed its acquisition of IBM's QRadar Software as a Service assets, and disclosed that the acquisition closed on August 31, 2024 under the Asset Purchase Agreement dated May 15, 2024.

8-KOther EventsFiled Sep 4, 2024Period of report Aug 31, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

The company said it announced on September 4, 2024 that it completed its acquisition of IBM's QRadar Software as a Service assets, and disclosed that the acquisition closed on August 31, 2024 under the Asset Purchase Agreement dated May 15, 2024.
The company said it will offer free migration services to eligible customers together with IBM Consulting, to move them from QRadar to Cortex XSIAM.
The company said QRadar on-premises customers who want to stay on QRadar will continue to receive IBM features and support and updates to existing connectors, while QRadar SaaS customers will stay on their current deployment until they are ready to move to Cortex XSIAM.
The company said IBM has deployed Cortex XSIAM for its own security operations and Prisma SASE 3.0 to protect more than 250,000 of its global workforce, and is training more than 1,000 consultants.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Palo Alto Networks Completes Acquisition of IBM QRadar SaaS Assets

The company said it announced on September 4, 2024 that it completed its acquisition of IBM's QRadar Software as a Service assets, and disclosed that the acquisition closed on August 31, 2024 under the Asset Purchase Agreement dated May 15, 2024.

Source · Based on the filing body and exhibits

Free Migration Services for Eligible Customers

The company said it will offer free migration services to eligible customers together with IBM Consulting, to move them from QRadar to Cortex XSIAM.

Source · Based on the filing body and exhibits

Continued Support for Existing QRadar Customers

The company said QRadar on-premises customers who want to stay on QRadar will continue to receive IBM features and support and updates to existing connectors, while QRadar SaaS customers will stay on their current deployment until they are ready to move to Cortex XSIAM.

Source · Based on the filing body and exhibits

Mutual Deployment With IBM and Consultant Training

The company said IBM has deployed Cortex XSIAM for its own security operations and Prisma SASE 3.0 to protect more than 250,000 of its global workforce, and is training more than 1,000 consultants.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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