Palo Alto Networks has revealed plans to acquire IBM's QRadar business, making it IBM's preferred cybersecurity partner across network, cloud, and SOC, allowing Palo Alto to receive IBM QRadar SIEM software-as-a-service offering, with migration for qualified customers and continued support for on-premises instances. The deal involves Palo Alto becoming a reseller and integration partner for IBM, with IBM previously integrating Palo Alto's Cortex XSIAM, continuing their strong partnership. The move reflects market consolidation in the SIEM sector, with analysts noting IBM's past sales trends and concerns over Cisco's recent acquisition of Splunk causing potential market turbulence
IBM has held a significant share of the SIEM market, known for complex implementations and slower innovation, while Palo Alto has quickly gained traction with its XSIAM technology since its debut in 2022, with this acquisition signaling a significant move in the cybersecurity industry. https://www.bankinfosecurity.com/palo-alto-to-acquire-ibm-qradar-siem-business-a-25254