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10 Hot Cybersecurity Companies You Should Watch In 2021

Many of the industry‘s most ambitious vendors will in 2021 prioritize integrating major acquisitions, executing on new partner programs and initiatives, and expanding their technical capabilities.

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Palo Alto Networks

The world’s largest pure-play cybersecurity vendor spent $1.49 billion in 2020 on three acquisitions to stay ahead of the competition. The Santa Clara, Calif.-based platform security giant started with the $420 million buy of SD-WAN player CloudGenix to accelerate the onboarding of remote branches and retail stores onto the Palo Alto Networks Prisma Access secure access service edge (SASE) platform.

Then came the $265 million purchase of risk management and digital forensics consulting firm The Crypsis Group, followed by the $800 million acquisition of Expanse to gain visibility into exposed and untracked assets in the customers‘ ecosystem. Investors have rewarded Palo Alto Networks for its bold moves, sending the company’s stock price up 28.3 percent over 2020 on a valuation of $29.6 billion.

Customers are flocking to all of Palo Alto Networks’ new features and capabilities, with sales in the company’s 2021 fiscal year, which ends July 31, expected to surge nearly 21 percent to $4.12 billion. Palo Alto Networks has also expanded size of its workforce by 13 percent over the past year to 8,730 employees, with the most aggressive hiring taking place around engineering and business development.

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