Evident.io

Evident.io  — the American software provider founded in 2013 for information security (cybersecurity) of public cloud services. A main product of vendor is Evident Security Platform (ESP) which helps the companies to minimize a zone of the attack of IT systems and to estimate risks of security at deployment of services Microsoft Azure and Amazon Web Services (AWS). The platform provides to cybersecurity specialists of the recommendation about remedial action in cyber defense of the company.

By March 15, 2018 the number of staff of Evident.io is 112 employees. By this time the company founded by natives of Adobe Systems attracted in total about $49.1 million.

History

2018:  Palo Alto Networks buys Evident.io

In the middle of March, 2018 the decision maker for cyber defense of Palo Alto Networks announced acquisition of Evident.io for $300 million which the buyer will pay from own means, i.e. without providing the stocks.

It is going to close the transaction by the end of April, 2018. After that co-founders of Evident.io Tim Prendergast and Justin Lundy will join Palo Alto Networks.

Palo Alto Networks purchased software developer for cyber defense of cloud infrastructure of Evident.io

Palo Alto Networks intends to use the software offered Evident.io which is applied to protection of cloud infrastructure for improvement of the API functions for cybersecurity solutions.

The CEO of Palo Alto Networks Mark McLaughlin, speaking about importance of absorption of Evident.io, said that in the future the companies will use even more often cloud services therefore they will need the methods of prevention of cyber attacks suitable under their clouds.

Thanks to inclusion of Evident.io in structure of our Palo Alto Networks platform will become the only producer which will be able to propose a comprehensive cloud solution — McLaughlin is sure.

After the statement for purchase of Evident.io of the stock Palo Alto Networks rose in price a little. For the last 12 months their cost jumped by 61% therefore market capitalization of the company reached $17.3 billion (for March 15, 2018).^[1]

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