Modern organizations rely on a variety of workers, from full-time employees to contractors, to move their business forward. A recent study estimates that nearly 36% of the workforce recognizes themselves as independent workers. As organizations embrace bring your own device (BYOD) policies, they often allow employees and contractors to use their personal devices to connect to business applications. While this creates a greater degree of flexibility for workers, it creates a significant gap in the security posture. These unmanaged devices create two unique challenges:
We believe SASE needs to evolve to secure all devices – managed and unmanaged – for complete Zero Trust security. Today, we announced our intention to acquire Talon, a pioneer of Enterprise Browser technology. The proposed acquisition will enable Palo Alto Networks® customers to extend Prisma SASE’s leading Zero Trust and cloud-delivered security to unmanaged devices, including desktop and mobile.
To enable the use of unmanaged devices, security teams are forced into an impossible tradeoff. They are forced to either ignore security entirely in favor of flexibility and user experience, or to adopt cumbersome technologies, like virtual desktop infrastructure (VDI), that add operational complexity and lead to a suboptimal user experience. Modern organizations need a flexible solution that offers both security and user experience without compromise.
Palo Alto Networks Prisma SASE delivers the industry’s leading SASE solution that unifies network security, SD-WAN and Autonomous Digital Experience Management into a cloud-delivered service. Once we integrate Talon’s Enterprise Browser with Prisma SASE, after closing our proposed acquisition, customers will be able to apply best-in-class security to all users and get unprecedented visibility into all devices connecting to business applications.
As organizations adopt the new reality of distributed work, applications moving to the cloud, and users increasingly using personal devices for accessing work applications and data, it is more critical than ever to have a consistent security posture across the entire workforce. We are excited at the prospect of bringing together Talon’s Enterprise Browser and Prisma SASE as a combined solution to securely enable all users across all devices to access business applications, including private applications, and apply consistent security no matter who the user is and what device they use for work.
This blog contains forward-looking statements that involve risks, uncertainties and assumptions, including, but not limited to, statements regarding the anticipated benefits and impact of the proposed acquisition on Palo Alto Networks and its customers. There are a significant number of factors that could cause actual results to differ materially from statements made in this blog, including, but not limited to: the effect of the announcement of the proposed acquisition on the parties’ commercial relationships and workforce; the ability to satisfy the conditions to the closing of the acquisition; the abilitity to consummate the proposed acquisition on a timely basis or at all; the ability of Palo Alto Networks to integrate Talon’s technology, operations and business; developments and changes in general market, political, economic and business conditions; risks associated with managing our growth; risks associated with new products and subscription and support offerings; shifts in priorities or delays in the development or release of new offerings, or the failure to timely develop and achieve market acceptance of new products and subscriptions, as well as existing products and subscription and support offerings; rapidly evolving technological developments in the market for security products and subscription and support offerings; our customers’ purchasing decisions and the length of sales cycles; our competition; our ability to attract and retain new customers; our ability to acquire and integrate other companies, products or technologies in a successful manner; our debt repayment obligations; and our share repurchase program, which may not be fully consummated or enhance shareholder value, and any share repurchases which could affect the price of our common stock.
Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K filed with the SEC on September 1, 2023, which is available on our website at investors.paloaltonetworks.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this blog are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.