Palo Alto Networks, a cybersecurity company, is planning to purchase container security company Twistlock Inc. for $410 million in cash.
The company intends to add the capabilities it will gain through the purchase of Twistlock to its new cloud security suite, called Prisma.
Palo Alto Networks expects to close on the acquisition during its fiscal fourth quarter.
The company had its revenues grow 28 percent year-over-year to $726.6 million during its fiscal third quarter.