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IBM and Palo Alto Networks Partner to Provide AI-Powered Cybersecurity Services

Paul, Weiss is advising IBM in its broad-reaching partnership with global cybersecurity leader Palo Alto Networks to deliver AI-powered security outcomes for customers. As part of this expanded partnership, Palo Alto Networks will become IBM’s preferred cybersecurity partner across network, cloud and security operations platforms; Palo Alto will incorporate IBM’s watsonx generative AI in its AI-driven security operations platform Cortex XSIAM; and IBM will sell the assets of its QRadar Software as a Service (SaaS) security information and event management platform, including QRadar’s intellectual property rights, to Palo Alto. Financial terms of the transaction were not disclosed.

IBM and Palo Alto aim to help streamline and transform security operations, stop threats at scale and accelerate incident remediation for their customers with the complete AI-powered approach that is required to address increasingly sophisticated cyber threats. The deal is expected to close by the end of September 2024, subject to regulatory approvals and other customary closing conditions.

The Paul, Weiss team is led by corporate partner Steven Williams and counsel Dotun Obadina, and includes intellectual property partner Jonathan Ashtor and counsel Brianna van Kan; tax partners Sohail Itani, Scott Sontag and Cian O’Connor; litigation partner Joshua Soven and counsel Lauren O'Brien and Steven Herzog; executive compensation partner Jarrett Hoffman; and antitrust partner Annie Herdman and counsel Marta Kelly, Todd Hahn and Chad de Souza.

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