---
schema_version: "secwatch.filing_event.v1"
accession: "0001327567-24-000010"
form_type: "8-K"
ticker: "PANW"
cik: "0001327567"
company_name: "Palo Alto Networks Inc"
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T19:36:25.641683+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Palo Alto Networks to acquire IBM's QRadar SaaS assets; forms AI security partnership

## Summary
- Palo Alto Networks agreed to acquire IBM's QRadar SaaS assets, including IP rights; closing expected by end of September 2024.
- IBM will be Palo Alto Networks' preferred MSSP, train >1,000 consultants on Palo Alto products, and adopt Cortex XSIAM and Prisma SASE 3.0 internally for 250,000 employees.
- Palo Alto Networks will integrate IBM's watsonx LLMs into Cortex XSIAM to enhance automation and AI capabilities.
- IBM will expand internal use of Palo Alto Networks platforms; joint SOC and Cyber Range to be established.
- Financial terms of the QRadar acquisition were not disclosed; transaction subject to regulatory approvals.

## SEC filing metadata
- accession: 0001327567-24-000010
- form_type: 8-K
- ticker: PANW
- cik: 0001327567
- company_name: Palo Alto Networks Inc
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327567/000132756724000010/0001327567-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327567/000132756724000010/panw-20240515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001327567-24-000010
- JSON: https://secwatch.observer/filing/0001327567-24-000010.json
- Plain text: https://secwatch.observer/filing/0001327567-24-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.