---
schema_version: "secwatch.filing_event.v1"
accession: "0001327567-24-000026"
form_type: "8-K"
ticker: "PANW"
cik: "0001327567"
company_name: "Palo Alto Networks Inc"
filed_at: "2024-09-04T23:59:59+00:00"
generated_at: "2026-05-31T06:24:32.576011+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Palo Alto Networks closes acquisition of IBM's QRadar SaaS assets; partnership expands

## Summary
- Completed acquisition of IBM's QRadar SaaS assets on Aug 31, 2024; free migration services for eligible customers to Cortex XSIAM.
- IBM to deploy Palo Alto Networks' Cortex XSIAM and Prisma SASE 3.0 for 250,000+ global workforce; IBM Consulting trained 1,000+ consultants.
- Palo Alto Networks will use IBM's watsonx AI platform to drive additional AI and automation capabilities.
- On-prem QRadar clients continue to receive IBM support; QRadar SaaS customers remain supported until ready to migrate.

## SEC filing metadata
- accession: 0001327567-24-000026
- form_type: 8-K
- ticker: PANW
- cik: 0001327567
- company_name: Palo Alto Networks Inc
- filed_at: 2024-09-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327567/000132756724000026/0001327567-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327567/000132756724000026/panw-20240831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001327567-24-000026
- JSON: https://secwatch.observer/filing/0001327567-24-000026.json
- Plain text: https://secwatch.observer/filing/0001327567-24-000026.txt

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